Why would he do it in one lump sum knowing it would reset the SP? There is enough interest i would have thought for the market to absorb that quantum over a few weeks around the 2.15-2.20 SP, whoever bought them just got a massive steal - assuming they revert back to 2.20 soonish, not bad going if you can make 10% on $10m in a couple of weeks...
Mind you, i guess it does signal Tom doesn't have much up his sleeve for a while or in the short term otherwise he would have waited till then before selling, given this appears to jump 5-10% on each solid announcement.
Ann: Sale of Shares by Director, page-4
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Last
72.5¢ |
Change
-0.010(1.36%) |
Mkt cap ! $271.9M | |||
| Open | High | Low | Value | Volume |
| 73.0¢ | 74.5¢ | 72.0¢ | $441.1K | 604.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 149425 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 10932 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| EML (ASX) Chart |