There's that magical number a movement in the 12 months of 5% between institutions/other and picked up by directors/management and retail. Take note despite additional shares of 1.9m were added which equates to less than half a percent of the mix between directors/management they have acquired more of the shares overall.
So we take out the 60million of shares this financial year and let say another 5% mix in the mgx share registry since it's not constant will be purchased by the company.
It's seems that 5% movement between the selected investors will now be purchased since the major shareholders have not changed.
MGX Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
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