Hey JB
Selling is mostly by retailers - ETrade, Commsec etc. In fact the only ETrade buy I can see in the last report is my own 20,000 top up from last week.
Shaw have sold down 80,000 shares and UBS 14,000. UBS hold quite a bit so would be good to see whether this was just a minor sell down or whether they are looking to offload and cash in (hopefully not).
Shaw have only bought 40,000 since RTO so they must hold a bit from placement given they have sold 80,000 in two days.
I am very comfortable personally if it is mostly retailers selling, even though the price is dribbling lower on low vol.
However pls don't take this as advice, this is my own thoughts and actions purely.
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