I agree a progress report would go well. In the months of July-August fruit is budding ,finished flowering and general upkeep with fertilizer and pest control. We have been told that the recent rains have had no effect. Remember the plantations are spread. It may not be till late September that directors can make a informed statement as to this years crop and prices. Mind you if you look at todays announcement by Beston foods BFC who have failed to reach prospectus projections, their price is down 20% from 2 days ago. This is not DFM case.
I have long held that because of the thin spread of shareholders, the register was open to aggressive manipulation. What is curious to me is that did the trading sellers panic long term holders to sell. It is not impossible that the original holders were forced seller dictitated to by bankers or other finance houses.
I have done a rough analysis of trades on ASX and broker analysis in an attempt to understand who has caused all the turmoil.
Also got this piece from the web from BTIC (a broker) who admits to automated trading (use of bots)
"
Custody and Clearing Solutions
Custody and clearing solutions are available through fully-disclosed introducing broker relationships with two of the industry’s most respected providers, Goldman, Sachs & Co. (GS&Co.) and Pershing LLC, a BNY Mellon company. In addition, clients have the option to hold assets at both custodians creating a multi-prime brokerage environment.
In an industry that has become increasingly driven by low-touch, automated matching and execution services, BTIG is powered by something more intelligent and discerning - people. We apply our depth of experience, market insight and network of global relationships to give our clients an advantage in today’s challenging market environment..
And below is the spread sheet on trades
Boy how times have changed!!
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 0 Date High Low Close Volume Transactions 1 Last Ten Days[/B] per day per trade 2 03-Aug-16 106 100 105 382,144 242 1579 3 02-Aug-16 107 100 100 1,808,010 306 5909 4 01-Aug-16 107 100 106 1,702,629 317 5371 5 29-Jul-16 106 99 106 927,833 339 2737 6 28-Jul-16 105.5 101.5 102.5 392,618 189 2077 7 27-Jul-16 112 103 104.5 680,636 332 2050 8 26-Jul-16 121 104 108 1,212,638 777 1561 9 25-Jul-16 139 102 124 1,479,034 765 1933 10 22-Jul-16 151.5 130 139 371,742 311 1195 11 21-Jul-16 153 147 150 47,554 64 743 12 9,004,838 13 Last Ten Months per day per trade 14 Jul-16 174 99 106 6,196,448 201 77 15 Jun-16 222 161 164.5 2,360,889 162 36 16 May-16 247 200 224 5,983,487 61 246 17 Apr-16 249 171 247 5,711,304 26 548 18 Mar-16 197 150 185 438,375 14 81 19 Feb-16 170.5 135 160 443,424 8 132 20 Jan-16 138 124 135 1,754,456 16 278 21 Dec-15 139 125 126 1,058,282 10 262 22 Nov-15 145 122 131 546,315 8 169 23 24,492,980
In the end earning will win out
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