shareholder changes, page-16

The share price performance over the last week has been very encouraging.
Even with the big drop on the market today, the price has stayed up with solid buyer support.

Perhaps the 810,000 Cross Trade at 85c on 18/7 was the last of a large sellers holdings. Hoping to see a change of holder notice to show who bought it.

If a takeover is planned, it would make sense for the buy to buy up to 20% on market at a lower price before announcing the takeover.

I see a few possible causes for the current strong buyer support:
1. Smaller buying more on market before announcing a takeover.
2. Market returning to balance after a large seller has finished.
3. Insiders know about an upcoming takeover offer.
4. Insiders know about a strong results report coming up.

Normally a sudden buying surge could be caused just by a press article, newsletter or analyst upgrade. This surge seems to be continuing too long for it to be the cause here.

If the upcoming results are going to be weak, I dont think we would see Smaller where he is. He seems too well connected with the company and the industry to be making that sort of mistake.

I dont think the timing of the results are very relevent to any takeover timing, as the results would come out anyway before shareholders are expected to accept any offer.