TEN 0.00% 16.0¢ ten network holdings limited

Billionaires Graveyard!, page-151

  1. 34,338 Posts.
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    I don't know what qualification a journalist has.
    All time low 13.5c in January 2016.

    That 13.5c was before 10:1 share consolidation, in fact it was $1.35 in January 2016.

    Ten responds to ASX speeding ticket, pins fall on Lazard sell-down


    Ten Network chief executive Paul Anderson at the broadcaster’s Pyrmont headquarters. (Hollie Adams/The Australian)
    • The Australian
    • 1:01PM May 26, 2017
    • David Rogers

      Markets Editor
      Sydney
    Ten Network has responded a “speeding ticket” issued by market operator ASX after its shares fell more than 10 per cent in the last two sessions by pinning the moves on previous substantial shareholder Lazard Asset Management’s continued sale of its interest in Ten.

    On May 10, Lazard notified the market that it was selling its holding to below the 5 per cent of ownership level and thereby ceasing to be a substantial shareholder.

    Ten says it’s not otherwise aware of any undisclosed information affecting its share price, falling as much as 13 per cent today and 14 per cent in yesterday’s session.

    Ten Network shares (TEN) are down 8.5 per cent at $0.16, close to the record low of $0.135 reached in January 2016.

    http://www.theaustralian.com.au/bus...n/news-story/2c4f6a91b3656372f13954fdb23f15e9
 
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