ThanksJust to try and quantify the stock overhang.Paradice sold...

Thanks

Just to try and quantify the stock overhang.

Paradice sold 2.8 mio on 19/2 @ 30c, which left them with the same amount. I would suggest it was them selling at 30c since then and (including selling into todays rally) have probably offloaded around another 1 mio.

Perpetual, as per their last notice, have about 5.7 mio left. They do not appear to have been selling since their last notice, and it may be that Paradice have just pushed the price below their target??

Shame about the Paradice selling as no doubt it has depressed the price big time.

Wonder if that cross trade for 2 mio that just went through was the balance of Paradice or Perpetual???

We may never know(lol)