This is confusing. Wonder if I might muse on something? Put up a proposition? So haters, and downrampers, please read no further.
Many others have written they suspect the price is being deliberately held down. After many months observation, I'm firmly in that camp. Yes; we could all be wrong, and TNT is fairly-valued.
But assume we are right: to hold this price down takes a lot of shares. As observed and eloquently described by another person on this forum, "5 o'clock Charlie" has been dumping huge amounts in the middle of the day. Perhaps there are other players as well.
So my musing is:
1. No matter the reason for depressing a share price, no-one wants to make a loss upon eventual sale. 2. There can be many reasons for depressing a share price in the short term, and many possible players. 3. But eventually, particularly with a large shareholding, whoever it is wants to make a profit - and as much as possible. Surely that's a given for share traders.
So my proposition is: It's simply about timing:
1. Whoever it is depressing the price will one day want to release the brakes. In fact, surely they will want to stamp on the accelerator; they have the shareholding to push the price upwards. 2. Maybe they've achieved already their trading profit target for FY 21, and on 1 July will hit the gas to get a head-start on next years' bonus. Maybe it'll be after 30 Sept (TNT's year end). But it has to be sometime. 3. So knowing someone very serious, and in the company of 4 very big instos, is playing this game, I'm going to keep my stash of TNT, buckle up, probably grit my teeth and close my eyes. And hope the accelerator is rocket-fuelled - or TNT-fuelled!
Have a great weekend.
IMHO, DYOR etc
TNT Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held