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20/10/17
17:19
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Originally posted by bug1
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Thanks, sometimes i wonder if i being a bit 'noisy', i like digging as you've probably all worked out...
I suspect it was mostly Janchor increasing their holdings (we had some notices recently), with them and Greencape we are starting to get some good long term holders. (i hope they are longterm)
Other telco's didnt share the ride this afternoon, so it doesnt look industry wide thing as was speculated about earlier in the week.
It looks like its opportunistic ahead of the update Monday morning, but Janchor have been buying for quite some time, and expect is more desciplined, so not 100% sure.
It could be someone knows something, or just speculation about what might be in the update.
If we dont get anything worthy of a headline on Monday i think it will be going back very quickly.
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Considering how news has historically leaked ahead of VOC announcements, I wouldn't be surprised if there was some positive announcement pending in the lead-up to the AGM, regarding asset sales or ASC pre-commitment funding...