Look at the ins and outs of the new substantial holders after the announcement of the offer. Has anyone seen so many brokers involved in a Small Cap?
My theory is that they are churning the shares on behalf of a buyer (possibly Cyan). They buy the shares on the market for above the offer price, therefore reducing the chance of
a "no" vote and then sell them to each other. Each time, they scoop up a few more of us retail owners (and a few from TOP in the early days). I can't
see us having a chance against this sort of shenanigans. Collectively, they rotate about 25% of the MMA shares. Are the Directors watching?
Does this sort of thing clearly show either the demand for the shares or the demand by a hidden buyer (possibly Cyan)?
I'm no expert, so I'd be happy to hear from anyone with a more solid theory. Thanks
04-Apr-24 Becoming a Substantial Shareholder First Sentier 19,254,000 5% 1 09-Apr-24 Becoming a Substantial Shareholder MUFG 19,254,000 5% 2 11-Apr-24 Becoming a Substantial Shareholder Morgan Stanley 19,291,000 5% 3 4 17-Apr-24 Ceasing to be a Substantial Holder First Sentier 0 0% 5 17-Apr-24 Ceasing to be a Substantial Holder Morgan Stanley 0 0% 6 7 17-Apr-24 Change in Substantial Holding MUFG 23,880,000 6.30% 8 9 18-Apr-24 Becoming a Substantial Shareholder First Sentier 28,646,000 7.56% 10 11 18-Apr-24 Ceasing to be a Substantial Holder MUFG 0 0% 12 13 19-Apr-24 Becoming a Substantial Shareholder Morgan Stanley 25,783,000 6.80% 14 19-Apr-24 Becoming a Substantial Shareholder MUFG 28,646,000 7.56% 15 16 24-Apr-24 Ceasing to be a Substantial Holder First Sentier 0 0% 17 24-Apr-24 Ceasing to be a Substantial Holder MUFG 0 0% 18 24-Apr-24 Ceasing to be a Substantial Holder Morgan Stanley 0 0% 19 20 10-May-24 Becoming a Substantial Shareholder State Street 27,142,000 7.16% 21 22 14-May-24 Change in Substantial Holding State Street 22,825,000 6.02% 23 24 22-May-24 Ceasing to be a Substantial Holder State Street 0 0% 25 26 03-Jun-24 Becoming a Substantial Shareholder First Sentier 26,014,000 6.86% 27 06-Jun-24 Becoming a Substantial Shareholder Vanguard 5.04% 28 06-Jun-24 Becoming a Substantial Shareholder Morgan Stanley 22,636,000 5.97% 29 06-Jun-24 Becoming a Substantial Shareholder MUFG 27,228,000 7.18% 30 31 06-Jun-24 Change in Substantial Holding First Sentier 31,763,000 8.38% 32 07-Jun-24 Change in Substantial Holding Morgan Stanley 27,165,000 7.17% 33 07-Jun-24 Change in Substantial Holding MUFG 31,763,000 8.38% 34 35 07-Jun-24 Ceasing to be a Substantial Holder First Sentier 0 0% 36 07-Jun-24 Ceasing to be a Substantial Holder Morgan Stanley 0 0% 37 11-Jun-24 Change in Substantial Holding MUFG 0 0% 38 39 12-Jun-24 Becoming a Substantial Shareholder Goldman Sachs 19,835,000 5.23%
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Last
$2.63 |
Change
-0.060(2.23%) |
Mkt cap ! $996.8M |
Open | High | Low | Value | Volume |
$2.64 | $2.65 | $2.59 | $23.18M | 8.831M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 188271 | $2.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.64 | 40881 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 188271 | 2.630 |
9 | 491723 | 2.620 |
3 | 119210 | 2.610 |
2 | 36400 | 2.600 |
1 | 1930 | 2.580 |
Price($) | Vol. | No. |
---|---|---|
2.640 | 38881 | 3 |
2.650 | 197642 | 9 |
2.660 | 139947 | 4 |
2.670 | 1982753 | 7 |
2.680 | 56538 | 4 |
Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
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