If your an institution buying in screen what do you do if you want to try and get a good size block on, so that you don't have to keep pushing the price up while getting smaller parcels?
1) You bid the big holders.
What do you do if none of the big holders won't sell?
2) You approach the insiders to see whether they will let some go.
Neither Reeds sold any in their personal name but did let go of stock in other entities under their holdings.
I think they have plenty of skin in the game still. Maybe the really wanted to get some new Instos a start that have shown interest (This is what we've been told).
Time will tell. Sounds like retail got spooked. Instos accumulating and price will continue to move north now some weak hands sold into today's news.
If your an institution buying in screen what do you do if you...
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $65.39M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.0¢ | $50.95K | 480.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 266340 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 270030 | 8 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
-0.005 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| 10.3¢ | 10.5¢ | 10.3¢ | 107401 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| NMT (ASX) Chart |