If the stock selling from CITI, they only deal wholesale in Australia and not allowed to deal for retail investors. If they are the sellers i would have to think is one of the funds invested in the $25m placement.
CE mentioned in one of the latest videos three of Australia's biggest resource funds invested. Perhaps they are selling?
Could be Taurus Funds (they are a fund mgr) think that holding under JP Nominees? CITICORP number 2 is a new one from last years annual report.
CITICORP nominees (this is the custodial business of CITI), they are just under 4.75% as of 12th April 2021, whichever fund took that stock in $25m could be sellers through CITI Insto equity desk.
Fund mgrs are sneaky things as they can buy stock through one broker/ Investment bank the stock goes and sits at the custodial bank such as
JP Morgan, CITICORP, HSBC, UBS or BNP nominees and then they can sell the stock afterwards through any broker, is very hard to track them until a fund mgr goes over that 5% level and then needs to report substantial notices.
The million-dollar question is why are they sellers at 4 cents what has happened?
If the stock selling from CITI, they only deal wholesale in...
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Last
84.0¢ |
Change
-0.010(1.18%) |
Mkt cap ! $127.1M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.0¢ | 77.5¢ | $347.1K | 439.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 776 | 82.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.0¢ | 2654 | 1 |
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