re: Ann: Half Year Results Presentation and R...
Looking further through the major shareholders lists, it appears that there is no way that anybody has a controlling or even a blocking stake. Remember this thing floated for around 500 mil at $1 per share or thereabouts, meaning 20% stake would have costed a cool $100 mil (which is more than double of the current MC).
Looks like quite a lot of shareholders with 1% type holdings. So any one selling their stake would cause a large drop in SP.
Still not sure why this stock is so illiquid.
Also, on another matter, internalizing of the management has been flagged several times in trust's releases. This will be a good thing IMO if this happens.
I smell some action soon. Hopefully it is not a smell of a major share placement.
PTN Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held
