LST I reckon its just the last-minute drag net to top up their holdings before the MRE drops. They offloaded a bucket load of shares for the MSCI hence may want to restock the pantry so to speak. I note that there has been no change in substantial holdings anns as yet so must just be the existing players. Paul and the team will likely be well aware who is behind it if they can see the swings on the register.
It has to bounce once the MRE is out. The MC will come back and my opinion is that the ASX300 listing is still likely in Sept.
They are going for broke as it is unlikely they will see such an opportunity again after the MRE allows other bigger players to enter. I have a feeling that they do not have long left so maybe that's why the big push....
They know that retail holds a large chunk of the company, many of whom can still probably cash out at a profit even at these lows, and who might have been planning to sell after FY anyway. Hence the mind games of a falling price and loaded buy v sell to make it look like the sky is falling in. Mate if I didn't have the running commentary from you blokes and some other mates I might think the same. They might also be trying to trigger any stop losses to pull out bigger volumes. Either way they must be counting on buying more shares than they are selling at these prices otherwise what's the point, and it must be working as they are continuing.
Takeover for chump change isn't going to happen.
Anyway, I got my extra shares this morning so looking forward to the reversal when it finally comes.
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Last
$15.44 |
Change
0.010(0.06%) |
Mkt cap ! $1.001B |
Open | High | Low | Value | Volume |
$15.58 | $15.88 | $15.28 | $3.919M | 251.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 869 | $15.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.45 | 79 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 869 | 15.440 |
1 | 1205 | 15.430 |
1 | 870 | 15.400 |
1 | 870 | 15.350 |
1 | 870 | 15.310 |
Price($) | Vol. | No. |
---|---|---|
15.450 | 79 | 1 |
15.590 | 1000 | 1 |
15.600 | 695 | 1 |
15.670 | 870 | 1 |
15.680 | 377 | 1 |
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