There have been a number of sizeable share issuances in the past six months (Notices under Section 708A). Additionally, 674,883 shares have been released from escrow. Who knows what the intentions of the recipients/holders are, but this may be part of the explanation.
It is also worth noting that whilst Lindsay Barber and Philippa Turnbull remain as executives of the company, they are no longer Directors and not subject to notifying changes of interest in their holdings.
If the fundamentals remain unchanged, this may present a buying opportunity. This chart indicates it is in oversold territory.
I am a former holder and will stay on the sidelines. Too much activity on the register for my liking. If you follow the insiders in, you also follow them out.
There have been a number of sizeable share issuances in the past...
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Last
$5.70 |
Change
0.080(1.42%) |
Mkt cap ! $1.585B | |||
| Open | High | Low | Value | Volume |
| $5.65 | $5.76 | $5.63 | $4.632M | 811.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 286 | $5.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.71 | 4508 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| JLG (ASX) Chart |