Yeah I agree its one seller, as the pattern of selling is the same, 500k parcels dumping on bids and stacking offers, the worrying thing is that the amount going through could not be many holders going by volume they would need would have to be a top 20 holder: the last top 20:
These are old figures as Nan isnt included on here, and going by theres numbers I would be a top 20 holder myself too. Who would have the volume is Xcel and Sanlam as Ive been insinuating, as they would have the volume and are in profit as they got the shares for free.
However looking on here maybe could be Macquarie Cropping Services too, as they have 21 million shares, and are under the 5% holding so do not have to notify markets of sells.
Since these 500k dumps have started we have had approx 16 million dumped on market, so thinking its Macquarie getting out or Xcel and Sanlam. Only positive is that if its either of them they are almost out of ammo selling.
ECS Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
