Australia's largest stock trading and investment forum Australia's #1 stock forum

WFL

Click for more information

0.00%

0.3¢ wellfully limited

24th March - P&G Execution Date on BG, page-149

First 149 Last

Share
Profile

Follow
oggy0907_old

309 Posts.

23/03/16

12:11

Post #: 17345415
Share

Originally posted by makattack ↑

So in other words you really have no idea how many BY clients hold shares. I'd say there'd barely be more than the 100mill+ of the recent placement. Sophi investors will often hold their shares as under BY Nominee as well. We will most likely see this in the next annual report shareholder list.

You are right, selling of shares is a client decision, but when you see LOTS of shares issued at discounted prices and then shares under BY banner being continuously sold week after week, you know there are a lot of stag profiteers. These are generally not investors that add stability to the share price and the sooner

Expand

A broker at B&Y told me they have circa 300m obj amoungst its various client base. I have no reason to doubt them.Also if those B&Y clients wish to sell their OBJ shares through another broker they could.
And no.... sophisticated investors don't necessarily hold their shares in a broker noms account they hold it in whatever account they wish to register it. Chess or SRN

OBJ Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

BMO

Bastion sees echoes of its Gyttorp Cu and REE mineralisation at new Swedish tenements

First 149 Last

Add WFL (ASX) to my watchlist

SPONSORED BY