It is always good to be looking out for any suspicious activity when one is an investor and/or trader in ASX-listed stocks, and one reason that I read HotCopper postings is that its contributors (you guys and gals) bring a lot of awareness, knowledge, "life-experience" and critical thinking to their contributions.
That said, there is nothing suspicious about this "substantial shareholder" notice.
DOW has 672Million shares on issue.
So the "now-ceased-to-be-substantial shareholder" T.RowePrice had about 5% of those, ie 33.6Million shares.
It has now told us that between 1 Nov 22 and 6 Dec 22 it bought about 65 thousand shares and sold about 162 thousand shares, including the sale of 149 thousand on 6 Dec.
Its net sales of about 97 thousand shares (+65 minus 162) represents only 0.3% of its holding.
Nothing to see here - Actually!
Of course, as it is now under 5%, T.RowePrice no longer has to report its portfolio sales (and so could have sold more on the 7th Dec - total sales on ASX were 4M that day, but that would still leave it with the vast majority of its holding.
T.RowePrice is hurting as much as we are - the $1.20 sp drop will have cost it around $40M.
But it is not for them that I have sympathy.
GLTH - we will need it!
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It is always good to be looking out for any suspicious activity...
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Last
$6.06 |
Change
-0.040(0.66%) |
Mkt cap ! $4.069B |
Open | High | Low | Value | Volume |
$6.23 | $6.23 | $6.03 | $10.74M | 1.772M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 83578 | $6.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.10 | 4504 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2540 | 5.960 |
1 | 100 | 5.950 |
1 | 551 | 5.880 |
1 | 410 | 5.820 |
1 | 44 | 5.760 |
Price($) | Vol. | No. |
---|---|---|
6.240 | 2480 | 1 |
6.250 | 10 | 1 |
6.270 | 199 | 1 |
6.300 | 28214 | 2 |
6.350 | 1000 | 1 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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