I need to get a hold of another top 20 report, but I don't think Argonaut themselves are actually doing any selling. From what I understand (and maybe everyone else does too, and I’m just not picking up on it), when Argonaut acted as the lead manager, all their own clients fell under them. So, the selling we’re seeing from Argonaut is actually just regular investors. Based on the information I have, they still hold what they were issued on IPO day.So far, they have a net volume of -8,599,677. Just remember the IPO was 20c, so that's a 2 bagger at 60c.
Broker data is below, and I assume others also saw the large batch of 5k orders go through on the 14th all at once. The broker in question was Euroz Hartleys, which was also the top seller for the day.
ORD Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)