PPL 5.00% 1.9¢ pureprofile ltd

Ann: Revenue Growth and a Profitable H1 FY21 is set to continue, page-10

  1. 5,303 Posts.
    lightbulb Created with Sketch. 2270
    here's the broker data since 8/12/2020 when the final shares were issued to the underwriters, so we have 1.05bn shares on issue since 8/12.

    Yes there's been some insto names selling, but there's also a lot of buying by insto's. No wholesale dumping by the underwriters because they took hundred's of millions of shares, not the 10's of millions being sold.

    So I am happy with this situation...my take is that it could be a build up based on results achieved rather than a parabolic rise ...as much as I wish we had one, it looks like a slow burn.

    https://hotcopper.com.au/data/attachments/2958/2958156-f9848fc48900c5974cbc61690f74e39e.jpg
 
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