Releasing that many shares into the market to exising LINK shareholders all at once and many would have small parcels will put pressure on the share price. A 40% holding is a controlling stake, farming that out to smaller share holders makes it a more attractive take over target.
Look at the drop today and have you noticed the increase in volumes since LINK sold 10% of its PEXA holding.
Releasing that many shares into the market to exising LINK...
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Last
$14.50 |
Change
-0.290(1.96%) |
Mkt cap ! $2.572B | |||
| Open | High | Low | Value | Volume |
| $14.68 | $14.73 | $14.45 | $4.830M | 332.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 187 | $14.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.50 | 600 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| PXA (ASX) Chart |