Fidelity last reported purchases were on the 4th April, since then approx 40m shares have changed hands up to Thursday 16th April. Recent history tells us 99% of the mid-point trades go to Fidelity. Take out 10 million that JP Morgan bought at the ticket price and another 8-13 million for bargin hunters and shorts covering. That leaves up to 20 million shares sold at the mid-point going straight to Fidelity. Their next update potentially after the Anzac weekend will see them steaming past 11%. Looking forward to the upcoming Webinar where I'm sure gunna ask DW what he thinks about Fidelitys recent appearance what there motives and are they aiming for 20%, now they are the #1 shareholder.
PNV Price at posting:
$1.12 Sentiment: Buy Disclosure: Held
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