SRF (The Stitch) – Crown Financial notice out yesterday adding another 3 million shares on market and at 10% approx. holding now (20 million shares bought in the last week).
Either this is a takeover brewing from their end or they hear/know that a takeover is on the cards from elsewhere and see value buying around current levels to profit nicely in due course from their share purchases.
Expect the gap at 22.5c to be filled today re above, so close yesterday after hitting 22c daily high.
Day Trading 9 Sept Pre Market, page-3
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