Anyone else think todays action is the end of Qlf Inverstment Corp ?
QIC issued an announcement on 6/2 that they held 32.517m shares.
Since that time there have been a few big days of sales, ie
26/2 1.690m
2/3 .504
3/4 3.590
4/3 .514
11/3 1.290
19/3 3.550
20/3 2.390
23/3 1.140
....................
Tot 14.668m
Today so far we have sales of 16.643m
so that 31.3m shares on those highlighted days alone. Other days had sale, Ive only highlighted the heavier selling days
So can we assume QIC is now out (or that close to it that is makes little difference) ? Overhang gone ?
If so, we may now see some vlaue return to the sp.
Also bear in mind on the 16th March there were 2.5m emploee bonus shares issue & exercised at 20c. That would seem a vote of confidence.
Share is now 23c as I type...are we about to see true value reflected in SP or at least a more realistic value, even in this market.
Seems to be a buy IMHO
- Forums
- ASX - By Stock
- ETC
- over hang gone ?
ETC
entertainment media & telecoms corporation limited