DNA 5.88% 3.6¢ donaco international limited

Ann: Share Placement by Lim Family, page-4

  1. KSD
    1,821 Posts.
    lightbulb Created with Sketch. 127
    Does anyone know who the investment funds were?

    The cynic in me is also thinking it's not a bad way to throw your fundie mates a bit of profit, i.e. sell a huge line at today's lowish SP (i.e you could not buy that much on market and not move the SP north considerably) and then use company money to push it north for a tidy 10-15% profit via SBB (maybe at best if buyback works to that extreme)...10-15% on what was it, 15m ? is not bad for 2 months investment.

    I am always curious when a major holder sells big lines of stock immediately prior to capital management initiatives - who are these "funds"? Is it disclosed at all? If the family had of waited a few weeks when in the middle of a buyback, they could have potentially got a lot more value...anyways, seems strange to me
 
watchlist Created with Sketch. Add DNA (ASX) to my watchlist
(20min delay)
Last
3.6¢
Change
0.002(5.88%)
Mkt cap ! $44.47M
Open High Low Value Volume
3.4¢ 3.6¢ 3.4¢ $10.74K 309.6K

Buyers (Bids)

No. Vol. Price($)
2 250581 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.7¢ 70000 1
View Market Depth
Last trade - 13.36pm 16/07/2024 (20 minute delay) ?
DNA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.