1. Bells handled the recent CR and underwrote it. They have a lot shortfall shares they are looking to sell. They want to cash at profit to move onto the next play, reduce opportunity cost of capital. A tool in the brokers arsenal is the research report to be able to do this. Make liquidity, generate hype and set a big price target.
2. Wilsons issuing a research report and buying is a good sign. It also explains their conviction buying, they have the support of their clients. They don't have a heap of shortfall shares to sell off. They see value in buying purely from the FA of the company. They may have had a few clients who got their fill in the CR but them buying above 16c is a positive to me.
I have only showed one month of data. I only care about trading short tem price moves and the broker data does add some colour to the chart. I like the chart and I'll trade it.
OSL Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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