Nothing to worry about as it seems credit swiss has swapped positions with investors mutual ltd: - Credit swiss became a substantial holder on 20/03/2020 with 5.43% - They increased their holding to 6.69% on 24/03/2020 - They increased their holding again on 8/4/2020 to 7.76% - Once more credit swiss increased their holding to 8.9% on 20/04/2020 - Befire 12/05/2020, investors mutual held 9.85% and they ceased to be a substsntial holder with this announcement - Premier investment (Solomon Lew) still holds 10.77% - Wilson asset mgt still holds 7.76% - Dimentional entities still holds 7.01% - And Vivna investment still holds 5.45 %
It is hard to know why investors mutual sold but no need to worry as other substantial holders would run for an early exit if it is a sinking ship..Credit swiss recently increased their holding as i have shown above.
Relax and keep faith in Myer..Good luck to all holders!
MYR Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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