SHJ 7.14% 75.0¢ shine justice ltd

Ann: Change in substantial holding from PPT, page-6

  1. 1,528 Posts.
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    In my humble opinion Perpetual were probably buying a little more because it was attempting to starve off a SP decline before the announcement.

    If anything, SHJ were heading south fairly sharply for Fri and Mon before this 2 percent add and I think they are just trying to stop a SHJ pre announcement slide.

    But hey, lets assume Perpetual were forcing the price down to buy more and blame it on shorters blah blah blah (Whatever makes us feel better right?!)

    Either way, I still believe tomorrow will end up red for SHJ (but only by a tad) and Monday will end up more red before the announcement. Perhaps the pre announcement price might be in the range of 61c - 64c.

    But hey I could be way off
 
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