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Ann: SMS group takes stake in TNG-TNG.AX, page-70

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  1. 4,559 Posts.
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    If you wanted to maintain your stake you would have to buy as many as you sell if you are part of the SI placement...
    Although if you know you are buying just as many shares as you currently own back at 11c, you've got 22 million to offload at 14c which you'll get back soon for 11c - instant profit.

    Another advantage - sell on market at 14c, buy back at placement 11c, stop selling these big quantities, watch SP rise, sell again.

    If you have the funds and don't care about the SP, your motivations could be absolutely anything.
 
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