"pretty gobsmacked at the market's reaction, feels like a large holder is spitting in management's face and have no faith this deal will go through. if you weren't ejecting stock pre trading halt and are now - what's changed?
either this holder is stale and was looking for any liquidity to eject or someone knows more than is written in the announcement"
I don't know for sure, but I expect this might go some way to informing what's happening... not just in relation to SEQ, but across the entire micro-cap space, which has been heavily on the nose over the past 12 months and which I know is experiencing redemptions from wholesale funds as they are compelled to dial-down their asset class risk:
(At last report - Nov 2022 - Acorn owned 10.4m shares in SEQ... that's 7.7% of the company)
As can be seen, Acorn have obviously not been performing well in microcaps for some time, so I would not be surprised if they have been selling stocks (including SEQ) to fund redemptions.
Today in SEQ would certainly have been a nice liquidity event for a microcap fund to use to raise cash for redemptions it might have pending.
.
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Last
38.0¢ |
Change
-0.005(1.30%) |
Mkt cap ! $46.62M |
Open | High | Low | Value | Volume |
38.0¢ | 38.0¢ | 37.0¢ | $85.41K | 227.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 127775 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 19150 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 127775 | 0.370 |
1 | 2739 | 0.365 |
3 | 104167 | 0.360 |
3 | 335050 | 0.350 |
2 | 12000 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 19150 | 2 |
0.385 | 34070 | 1 |
0.390 | 8000 | 1 |
0.400 | 350000 | 1 |
0.410 | 10316 | 1 |
Last trade - 14.52pm 18/09/2024 (20 minute delay) ? |
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