I saw this article in Yahoo Finance 8/2/2019."Less than 5% of Keytone Dairy is held by institutional investors. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. If the company is growing earnings, that may indicate that it is just beginning to catch the attention of these deep-pocketed investors. It is not uncommon to see a big share price rise if multiple institutional investors are trying to buy into a stock at the same time." Hopefully the institutional investors will notice and "top" up like they did with A2M. According to my calculations Milford Asset Management - in NZ holds holds at least 4.4m shares in A2M. What will happen with KTD if the AUS and NZ institutional investors take notice?
KTD Price at posting:
46.8¢ Sentiment: Buy Disclosure: Held
