I'm not so sure, from what I hear, Perennial's small cap funds are in strong inflow. Perennial is very much independent of IOOF and has been for years. I wouldn't be surprised if IOOF sold its stake given it's recent divestment of Ord Minnett.
It would be interesting to see if Perennial keeps selling from here. There was a time gap in the sales and the magnitude doesn't suggest a dumping. Maybe they just found better relative value for the time being.
Ann: Change in substantial holding from IFL, page-4
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Last
44.5¢ |
Change
0.015(3.49%) |
Mkt cap ! $403.2M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.5¢ | 44.0¢ | $2.095M | 4.679M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22727 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 162042 | 3 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |