Don't try and read too much into it, It's a trillion dollar fund that wants some exposure to an improving mining services sector. By themselves, a 5% shareholder can't affect anything other than 5% of the vote when they get the chance.
In the past I have tried to read into the motives of an investment company(Pala) that took a stake in WDS in 2007. They ended up with 27% of the company. It looked like they were going for a takeover. I loaded up, but got tired of waiting. After a number of bad results, I sold out losing a modest stack of cash.
Pala sold out in Aug 2014 at .90 to other institutions in a book build and would have taken a bad haircut on their investment. Precisely one year and a shareprice decline of 90%, WDS went into a trading halt never to be heard from again.
Instos come and go, usually not for any other reason than they see a company that they can get a good return on for their investors.
- Forums
- ASX - By Stock
- Ann: Becoming a substantial holder
Don't try and read too much into it, It's a trillion dollar fund...
Featured News
Add NWH (ASX) to my watchlist
|
|||||
Last
$3.54 |
Change
-0.040(1.12%) |
Mkt cap ! $1.611B |
Open | High | Low | Value | Volume |
$3.61 | $3.61 | $3.51 | $3.940M | 1.111M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 8929 | $3.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.55 | 5090 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 8929 | 3.520 |
3 | 9100 | 3.510 |
6 | 21198 | 3.500 |
2 | 26431 | 3.490 |
2 | 11431 | 3.480 |
Price($) | Vol. | No. |
---|---|---|
3.550 | 5090 | 1 |
3.560 | 10531 | 4 |
3.570 | 15359 | 4 |
3.580 | 1431 | 1 |
3.590 | 1431 | 1 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
Featured News
NWH (ASX) Chart |