Be interested to see the market reaction to this selling as reported in AFR this weekend. It's no big deal to me and completely understandable. He still holds 30% and is "balls deep" still in this company.
Assuming he has sold to a major institution fund - this makes good sense.
Some Traders and small retailers will sell - not me as this is heading higher imo as we approach the full year in a few months - just like it has after his last three sales of shares.
Founder selling shares to bring his weighting back to 30%
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Last
$1.43 |
Change
-0.100(6.54%) |
Mkt cap ! $545.1M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.51 | $1.43 | $3.447M | 2.358M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8439 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 1000 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| CTT (ASX) Chart |