PTB 0.00% $1.60 ptb group limited

Ann: Sale of Buildings and Revise Profit Guidance, page-18

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  1. 125 Posts.
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    There seems to be a slightly unusual trading pattern over the last six weeks. Someone keeping a firm foot on the throat of the share price refusing to let it get above $0.70. Pretty much average volume going through after the initial plunge re dividend policy change. Is it one large shareholder methodically unloading? I don't get it. If there was a 'general' market sell down due to dividend policy you would think the share price would slide even more. A bit weird considering the fairly positive profit announcement and growth prospects. Usually you can fathom the reason behind share price action in a company. This one has got me buggered! Any insights are welcome.

 
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Currently unlisted public company.

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