I think the 800k sell order had been there for a few days. I think it was cheap buying after the announcement. Today another 1 million order this time on the buy-side @22c. So that looks a lot better. Almost 2 million on the buy-side and that's from 20c upwards. Long-time since that has happened.
This is very cheap - if they have sorted out the structural issues in the company and got the ship back on track. I cannot fault management they have slowly accumulated assets that add to their Interprac business which must have a lot of growth prospects given the market changes re bank linked advisors.
I suspect that the market wants hard information before rerating this stock.
SEQ Price at posting:
22.5¢ Sentiment: None Disclosure: Held
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