Fact: Not all ASX companies are successful, yet they all have a...

Fact: Not all ASX companies are successful, yet they all have a T20 and mgnt. True?

T20s change all the time. As a recent example, look at Whitehaven Coal (WHC). It's a PROFITABLE $3billion company, paying good dividends. One of their T20 (Farallon) has started selling and the share price has dropped.

Wonder if the share price will drop if any PEN institutional T20 starts selling?

After all, people and institutions invest to make money, and based on that, the share price here has only continued to drop for the past 8 years.

Of course, j6 will use the argument that there will be new buyers etc, but still doesn't mean the share price won't drop (eg. WHC)

Let's hope PEN starts making money soon instead of bleeding cash. What was last financial year's loss again?