PDL shareholding hit 27m in April 2019. Based on todays announcement they still have 12.8m shares after selling 2.5m since last announcement on 14/4.
Their willingness to continue offloading high volume of shares around 50c will be a brake on any rise for at least next month.
Question - is it worth continuing to hold in the meantime given sector risks from COVID-19? Or better to get out & consider buying back in when dust has settled?
JHC Price at posting:
49.0¢ Sentiment: None Disclosure: Held
