Noting BOA became a substantial holder a week or so back, then days later they sold to the level where they no longer were, and now they have been buying again and are a substantial holder again, can someone give me their thoughts on what the objective maybe ?
Is it to push the SP up then dump with the objective of buying more at lower levels ? As I would have thought if it was to accumulate with the objective of retaining, they wouldn't be becoming a major holder one day, then selling off to a level where they no longer are, a few days later.
On another matter, though probably related, there was peculiar sell and bid offer pattern appear just after the the bid clearing and auction process yesterday (4.33pm) suggesting someone was earlier selling into themselves, copy attached, note lots of quantities of 3471 volume. Does anyone have any input what the objective of this is ?
Ann: Becoming a substantial holder, page-8
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Last
$1.77 |
Change
0.020(1.14%) |
Mkt cap ! $456.2M | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.77 | $1.71 | $1.016M | 587.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3534 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 3464 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.77 |
Change
0.020 ( 0.48 %) |
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| Open | High | Low | Volume | ||
| $1.73 | $1.77 | $1.71 | 16639 | ||
| Last updated 15.56pm 24/05/2024 ? | |||||
| KCN (ASX) Chart |