re: htl- green alert to 40c-to stock doc Its now clear where all the selling has come from, Hudson Investment Group sold a further 4million on market yesterday, on top of the 5million the previous day. I find it very interesting that despite this amount of selling the price has increased from the issue price of 15cents to where it is currently trading at 25. It seems that Hudson Investment Group are in a bit of trouble financially making a loss of 27million last year, so they may be in need of the cash thus the reason why they are selling their holding in HTL. They still hold 5million shares so their may still be some more selling. However I am interested in who has been buying and why, 20million shares which is over 20% of the number of shares available have changed hands. Possible take over on the cards?
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hudson timber products limited
htl- green alert to 40c, page-9
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