Here' the trend: In one week we've seen 500m+ shares trading hands and pushing the price from a low of 26.5 to a high of 52.5 during this period (100% increase). It's highly unlikely this is mum and dad investors at work and far more likely big players who mean business. Let's stay tuned for substantial shareholder announcements either later this week or early next. +/- 100m shares are required to get the 5% threshold and holders have T+3 days to notify the market. This potentially gives the holder a chance to buy up really big in the 72hrs post reaching 5% to amass a bigger stake before it becomes public. Intuitively someone is buying up this company bigtime and doesn't seem to care what price is paid so long as the shares are traded (hence the massive volume and huge chunks being bought at a time). One would also like to think that at or around today the 5% stake has been reached so the next few days will be interesting to watch. If we see massive volumes again then it's game on. This is purely a hypothesis and I remain holding loyal SDL holder for the long term until all the dust settles.
SDL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
