ITQ is finally picking up some serious momentum. With the lack of liquidity in this name it is not so obvious where the market is valuing this stock, but there is certainly strong buying interest now coming to surface. A quick glance at the course of sales will show that this stock is being professionally accumulated. Decent sized offers are being snatched up, followed soon after by tiny trades at much lower prices to keep the SP down. Net volumes traded by each brokerage in the month of March suggest the same thing - institutional investors are buying this stock off retail investors' hands. Hopefully the recent takeover announcement and coverage by The Australian will continue to garner interest
Top buyers by net volume
Column 1
Column 2
0
1. Petra Capital
+61,220
1
2. BTIG
+46,593
2
3. RBS Morgans
+8,524
3
4. JPM Ord Minnett
+7,190
4
5. Deutsche
+2,784
Top sellers by net volume
Column 1
Column 2
0
1. Commsec
-48,712
1
2. Pershing
-30,000
2
3. Patersons
-19,400
3
4. Etrade
-8,266
4
5. Australian Investment Exchange
-7,443
ITQ Price at posting:
$4.57 Sentiment: Buy Disclosure: Held
