What date was your holdings reference taken Sonu?
I have a live update trading account and the numbers paint the picture with substantial reductions from Cat Rock (down 11%), Vanguard (down 5.7%) and Dimensional Fund (down 14%) with total sales of 4,832,412 shares. Quite substantial considering it only takes 320,000 shares to be in the top 25% of holders. and >3,000,000 to be in the top 6 holders.
I did expect another article form AFR to come out and the reaction has presented a mighty fine buying opportunity. Was thinking it'd settle now that we are 43% from the recent all time high just 52 days ago! Some great opportunities for a swing trade as we are still in a upward trend channel on the technical, with fundamentals also having generally good sentiment outcomes. Clearly some big sell-offs driving the price down from the institutions, but it's definitely in oversold territory for the short-term. There is only so far down it'll go in one rally and 43% over this timeframe is a pretty steep drop without some intermediate rally to balance it out.
KGN had some fairly bullish buying volume today after having a similarly strong downward trend over the last couple of months so there are a few indications the downward retail spiral is slowing.
Here is the stakeholders as of COB 22 April 2024:
What date was your holdings reference taken Sonu?I have a live...
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Last
$2.28 |
Change
-0.020(0.87%) |
Mkt cap ! $876.8M | |||
| Open | High | Low | Value | Volume |
| $2.28 | $2.32 | $2.26 | $143.2K | 62.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 189 | $2.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 13405 | 11 |
View Market Depth
| Last trade - 10.29am 14/06/2024 (20 minute delay) ? |
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Last
$2.26 |
Change
-0.020 ( 1.29 %) |
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| Open | High | Low | Volume | ||
| $2.29 | $2.29 | $2.25 | 18233 | ||
| Last updated 10.52am 14/06/2024 ? | |||||
| CTT (ASX) Chart |