LDX lumos diagnostics holdings limited

party 1 has an agreement with party 2; party 1 wants to sell 28...

  1. 5,801 Posts.
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    party 1 has an agreement with party 2; party 1 wants to sell 28 mill shares, but knows the market cannot handle it; party 2 (lined up by a broker) says 'yup, I will buy, the price will be at the market price of the day'

    one can see all sorts of shenanigans that can abound; however, if it is fair dinkum, then one of the big holders needed / wanted to sell 28 mill shares; the shenanigans can be if it is for tax reasons (maybe I sell to my wife and I wear a big loss and she is in a place to hold the shares and make a profit.... or maybe she sells back to me in a year at 4 cents... ha ha)

    in any case, we should see who it is; according to the last subs holder change (pic below), we see 5 mill shares is right on 1%; so this 28mill trade is 5.5% of the shares on issue; we will see a new substantial holder, or a big change in two of them (one up 5% and another down 5%); now, the real fun and games is if one big holder, starts approaching 20%; take over time, then

    https://hotcopper.com.au/data/attachments/6158/6158836-7d8309a83bcab605824a472df26bf976.jpg
    Last edited by danhoff: 09/05/24
 
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(20min delay)
Last
2.9¢
Change
0.000(0.00%)
Mkt cap ! $21.70M
Open High Low Value Volume
2.9¢ 2.9¢ 2.9¢ $1.912K 65.93K

Buyers (Bids)

No. Vol. Price($)
4 571666 2.8¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 150000 1
View Market Depth
Last trade - 10.42am 20/06/2025 (20 minute delay) ?
LDX (ASX) Chart
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