Now that’s a special crossing. Circa 13.2m shares at $0.17, which corresponds to about 3.0% of the stock on issue. The total for the day was over 15m shares, with the bulk traded at $0.17 and only about 206k traded at the mid point price, $0.1675.
Column 1 Column 2 Column 3 Column 4 Column 5 0 Time Price ($) Volume Value ($) Condition1 10:41:47 AM 0.170 51,249 8,712.330 2 10:41:47 AM 0.170 6,751 1,147.670 3 10:25:26 AM 0.170 193,249 32,852.330 4 10:25:26 AM 0.170 6,751 1,147.670 5 10:23:30 AM 0.170 193,249 32,852.330 6 10:23:30 AM 0.170 6,751 1,147.670 7 10:22:47 AM 0.170 150,000 25,500.000 8 10:14:18 AM 0.170 13,192,227 2,242,678.590 S3 XT
Somebody has been soaking up stock assiduously at $0.17 since the report.
I thought the report was a tad underwhelming – things are going in the right direction but still with a way to go. Improvements include the increased revenue, little debt, more cash, and an operating cash flow of circa 4.5 cps, up from 2.4 cps. But the revenue of $543m is a lot of work (and risk) to undertake for what is still a slim result, so the margin needs more work. Profitless work is easy to come by – just ask any slave. Profit is now spread over a lot more shares now as a result of the share issue.
That said, somebody with circa $2.5m to spend thinks it is OK value at $0.17 as of today.
I sold some of my holding at $0.17 subsequent to the report; not because of any strong conviction that the stock has run its course, but rather because of concern about maintaining an oversize illiquid holding in a falling market. With my luck, somebody will now turn up with a takeover offer, or some such. Lately, if it was raining female film stars, I would get Lassie.
Consequent to today’s special crossing, together with today’s high turnover (nearly 3.5%), I expect we will see a substantial holder notice from one side or the other of the trade. If perchance it is Lanyon who have been buying, they must be getting close to the 20% limit. Cheers
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Last
$1.05 |
Change
0.045(4.48%) |
Mkt cap ! $75.82M |
Open | High | Low | Value | Volume |
99.5¢ | $1.05 | 99.5¢ | $116.3K | 111.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | $1.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.09 | 1 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 0.980 |
1 | 2577 | 0.970 |
1 | 15000 | 0.955 |
1 | 10701 | 0.950 |
1 | 30000 | 0.915 |
Price($) | Vol. | No. |
---|---|---|
1.060 | 3250 | 1 |
1.085 | 1 | 1 |
1.090 | 7122 | 1 |
1.100 | 6980 | 2 |
1.120 | 15000 | 1 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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