EGR

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8.1¢ ecograf limited

Patersons Research note, page-25

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hotkiwipav

1,916 Posts.

28/08/15

15:40

Post #: 15895259
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Originally posted by pavbar75 ↑

I don't know (although I don't believe there is) if there is any capper, and I've previously asked management if there is anything untoward in our share sales, and their view is that there are normal buys and sells, with no individual holder being a "capper" or any other conspiracy theory. It stands to reason, when you have 1,500+ shareholders with average of less than 70,000 shares each, it's not hard to see that with an average hold period of 3 years, 1,500 shareholders would still turnover 10 holders (or 700,000 shares) per week. If the average hold period is 1 year (more likely), then the average normal selling pressure is 2,100,000 shares per week. Unless that is met with buying pressure, then it has the effect of the price being capped, even without any collusion. Note my averages above are on the basis of excluding the Top 20, who aren't trading up and down like yo-yos.

However, that doesn't stop people trying to give an incorrect impression to the marketplace. Currently, there are 3 sellers listed at 300,000 shares at each of 34.5c, 35c, and 35.5c. Some broker is trying hard to give the impression that there are more sellers than there really are, and will likely take those orders away as soon as they want that impression to change. Don't let the buy/sell spread fool you if you are thinking of buying in.

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Pav ................... never loot at the total sellers (or buyers), my spread sheet gives me the 1st two, the next three then the total for the first 10 levels and that all I consider IMO the first 2 or 3 levels from the money are the most relevant.

HKP

KNL Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 8.1¢		Change 0.002(2.53%)		Mkt cap ! $36.77M

Open	High	Low	Value	Volume
7.9¢	8.1¢	7.7¢	$47.60K	596.1K

Buyers (Bids)

No.	Vol.	Price($)
1	487	7.7¢

Sellers (Offers)

Price($)	Vol.	No.
8.4¢	24873	1

View Market Depth

No.	Vol.	Price($)
1	487	0.077
2	69039	0.076
2	40000	0.075
3	90554	0.074
1	50000	0.073

Price($)	Vol.	No.
0.084	24873	1
0.085	61000	2
0.089	9000	1
0.090	75737	6
0.095	50000	1

Last trade - 15.59pm 01/11/2024 (20 minute delay)

EGR (ASX) Chart

Patersons Research note, page-25

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Patersons Research note, page-25

Top Stories

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News