HST
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0.00% 16.0¢ hastie group limited

cba sold out, no long a substantial holder, page-8

  1. glennh
    15 Posts.
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    01/07/11
    12:32
    Post #: 8615721
    I'm no expert but I think they haven't sold any shares (the appendix shows no purchases/sales) it is just that their percentage holding is below 5% now that new shares have been issued to Lazard so they no longer fall within the definition of a "substantial holder".

    This theory seems to be backed up by this article:

    https://www.macquarie.com.au/edge/article/COMPANY/HST/b7cb11d0420e0310VgnVCM100000c502890aRCRD/
    HST Price at posting: $1.40 Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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