Moderate Profit Taking
11/12/13 - PPT advises initial substantial holding of 10.43%
12/01/14 - PPT increases holding from 10.43% to 12.74%
13/01 - PPT increases holding from 12.74% to 14.32%
21/01 - PPT decreases holding from 14.32% to 13.15%
89.5 million shares on issue;
Means PPT currently holding 11.67 million shares
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Based on the above, to me Malmanu, appears PPT is accumulating. Going from memory, the increases around the 12 and 13th of this month, share price went from $1.15 to $1.25
- the sales, it might appear from around the 21st the share price was around $1.40-$1.42
- so it was a quick buck, based on the buys at $1.25 to the dump at $1.40 - shedding about 1.14 million shares, profit on the rough numbers look like about $190,000 - of a holding worth about $15 million
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CBA is a more interesting sale, since they acquired they 8.x% in december, they have since sold off 2% - but, during that time, actually increased their target price on the share to $1.60 - must be geniuses over there at CBA to sell out at a 15% discount to their target ;)
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For me, this is still a buy, and I'd like to allocate some more cash to it, but unfortunately, I'm too trigger happy in biostocks so I've already spent my play money this week.
Have a good day, I'm off to iron my shirt.
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