AIO
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0.00% $9.13 asciano limited

selling as spp in broker accounts today

  1. watford
    2,123 Posts.
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    21/08/09
    07:22
    Post #: 5536689
    Assume average daily volume around 15 million shares.

    31,000 shareholders bought into SPP with around 3,000 shares each.

    So in addition to usual daily churn in stock, you have another 100 million shares overhanging market with some of the owners looking for a quick 35% return on SPP investment. What %?

    Well, if 20% decide to sell today, that is an additional turnover 20 million shares or so or more than one day's turnover.

    Will be interesting to watch volume and sp action today.
    AIO Price at posting: $1.51 Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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