Broker data for MEK - day of CR announcement.
Top buyers:- Commonwealth Securities: $2.54M
- WealthHub: $1.49M
- CMC Markets: $1.14M
Top sellers:- UBS Securities: -$4.13M
- Citigroup: -$1.20M
- Barrenjoey: -$1.17M
Quite significant shift from institutional to retail investors.Not really very positive sentiment.It suggests to me that the price may sink further for a while.However, I think for existing shareholders it is a well executed CR almost at the top.
Accumulation/distribution chart for retail investor:
Euroz unloaded right be the CR - about 20m shares:
Accumulation/distribution chart for Petra - sole lead manager and sole bookrunner to the Placement
(20min delay)