I'm not an expert (nor in the right income bracket) but given the settlement period of the two batches of sales with respect to EOFY, and the fact they're both for the same value, it looks tax-related to me. And as has been well documented, the sales are for a miniscule portion of overall holding.
"The Market" certainly seems to have been a lot more rational regarding this announcement than some of the people in this conversation - after lunch and we're down 0.5c, and that's basically all it's dropped all day. Pffft.
At least this thread is proving useful for identifying those people.
I'm not an expert (nor in the right income bracket) but given...
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $342.8M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.0¢ | $737.6K | 4.203M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 69 | 1587304 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 213251 | 4 |
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| BRN (ASX) Chart |