I think it’s motivated by short term performance outcomes. Perennial’s micro and small cap funds both got whacked in March (like most fundies) so they’d want to lock in some gains for April in case the RBL March numbers are worse than expected and the SP drops back down just before month end. If it does their existing holding won’t materially change in value from March to April but at least they’ve made a $2m gain. They’ve still got a very material shareholding so I’m not reading it as a sell signal at this stage
I think it’s motivated by short term performance outcomes....
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Last
39.0¢ |
Change
-0.005(1.27%) |
Mkt cap ! $109.9M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 40.0¢ | 39.0¢ | $9.534K | 24.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3355 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 90371 | 5 |
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| ATG (ASX) Chart |