watching the daily chart yesterday it seems like a stalemate... sell side was still showing 17.9million shares on offer for sale - up to 18.2million today... but other than two blips at just over 92.05... the price kept reverting to 92... which I read as sellers dropping their offer price down to 92 to get the sale...
Iberdola will see this an patiently wait and take these sales as they come... 8 million shares is not even a percent of the companies total SOI... but the fact the sales are occurring tells me they will continue the course.
Even now there is a sale offer in for 12445 shares at 0.92...but on the positive a buy offer in for 43485 @ 0.95... but the vast majority of the shares for sale are at 0.925.... its very close to the ask IMO... would be nicer to see a bigger spread.....
we now have 41878226 shares wanted to buy at 0.92.... the vast majority are the top two orders in the queue
IFN Price at posting:
92.0¢ Sentiment: Hold Disclosure: Held
