ETC entertainment media & telecoms corporation limited

Anyone else think todays action is the end of Qlf Inverstment...

  1. 137 Posts.
    lightbulb Created with Sketch. 4
    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
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.