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$1.36 kingsgate consolidated limited.

Ann: Becoming a substantial holder, page-9

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powersweep

79 Posts.

33

10/02/22

12:40

Post #: 59483195
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Originally posted by powersweep: ↑

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 ?

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When you cross reference the buy bid pattern to the closing SP, it suggests the high quantity of Red Circled Buy Bids was to push up the SP.
Hence, we may well find in a few days time, BOA will put out another notice, that they are no longer a substantial holder again.

Last edited by powersweep: 10/02/22

KCN Price at posting: $1.68 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.36		Change -0.025(1.81%)		Mkt cap ! $350.5M

Open	High	Low	Value	Volume
$1.39	$1.39	$1.35	$498.0K	365.2K

Buyers (Bids)

No.	Vol.	Price($)
1	945	$1.36

Sellers (Offers)

Price($)	Vol.	No.
$1.38	4186	1

View Market Depth

No.	Vol.	Price($)
1	12	1.420
1	1500	1.370
1	145	1.365
2	10412	1.360
1	1000	1.340

Price($)	Vol.	No.
1.340	16	1
1.355	2708	1
1.380	10000	1
1.400	2291	2
1.410	32	1

Last trade - 16.10pm 03/10/2024 (20 minute delay)

KCN (ASX) Chart