Its the relentless selling from First Sentier that is holding it back. Third notice in less than a month with a net sale of 13 million shares. From memory, they had over 60 million shares just over a year ago and now down to 24mil.
They bought in cheap early in 2023 and have made their money but not the best time to get out with the deck being cleared and the expected positive newsflow.
Can't wait for them to completely sell out so the SP can move higher. Hopefully next weeks report will allow them to trade higher volume and reduce their position even further.
Ann: Change in substantial holding, page-2
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Last
97.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $365.7M | |||
| Open | High | Low | Value | Volume |
| 98.0¢ | 98.0¢ | 94.5¢ | $4.157M | 4.298M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14677 | 95.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 97.5¢ | 159788 | 3 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| EML (ASX) Chart |