just wondering what strategy they would be following?perhaps a...

just wondering what strategy they would be following?

perhaps a large shareholder who bought in at a lower price reducing their holding?

perhaps someone selling shares prior to participating in dividend reinvestment - driving down the share price and the repurchasing at a further 5% discount?

perhaps someone buying and repurchasing to realise capital losses?

more likely someone making a fraction of a cent per share on each transaction?

hopefully not a major director shoulder reducing their holding. That would be a concern.

if it is manipulation, must be someone with a large holding to materially affect the price.