Several reasons!
Probably a Tax bill.
He may want to pay down a loan.
He might just not like borrowing money and prefers to pay CASH for something.
Two years ago a similar thing happened and I asked the CEO at the AGM why he sold a small holding of his shares.
His statement was " My wife wants a new house and I don't want to borrow the money" He then said tongue in cheek said "Would you like to tell my wife she can't have the new house?" I know his wife.
I said "NO, I totally understand" and half the room broke up laughing.
One percent of his holding is nothing. He can spend it on whatever he likes.
Several reasons!Probably a Tax bill.He may want to pay down a...
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Last
31.0¢ |
Change
0.045(17.0%) |
Mkt cap ! $598.5M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 31.5¢ | 26.5¢ | $8.098M | 27.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 210339 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 1210394 | 37 |
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| Last trade - 11.28am 10/10/2024 (20 minute delay) ? |
| BRN (ASX) Chart |