Another quality post Muad'Dib.thanks for the time you...

First 6 Last

Share
Profile

Follow
energyraters

1,288 Posts.

257

18/12/18

13:25

Post #: 36893776
Share

Originally posted by Muad'Dib: ↑

So, we have top 20 individuals/SMSFs increasing their holdings.
Most probably a net increase under the big nominee companies (the smaller of the two HSBC custody nominees has dropped out of the top 20 so can’t tell for sure).
The big nominee companies would be mainly used for the sophisticated investors accounts. So not a large amount of movement there.
Morgan Stanley Australia in this context is probably an institution and they have off loaded 8.95M shares.
At a high level the top 20 holders held 249,699,933 shares on 23/8. On 14/12 the top 20 holders held 241,971,739 shares. A net leakage of 7,728,194 shares.
On the 23/8 the 20^th top holder had 3,387,273 shares, on 14/12 the 20^th top holder had 3,867,473 shares. This shows the gap between the top 20 holders under 10M shares has narrowed.

Since the last CR at 16.5c ~ 90M shares have changed hands one or more times.
On the numbers above the top holders (except for Morgan Stanley Australia) have not contributed greatly to this churn and subsequent SP fall.
The bulk of the sellers are clearly outside of the top 20 holders.

Let’s assume CS Fourth Nominees account holders sold out completely (theoretical worst case). Adding that to the other top nominee reductions plus the Mogan Stanley sell off gives a total of around 20M shares.

To generate the additional 70M churn, a significant number of relatively smaller holders must have reduced their holdings or exited completely. This would be a pretty amazing/odd example of herd mentality where the front of the herd has hardly moved but the middle pack have run away!

View attachment 1393129

It would be interesting to see an updated distribution of the number of shareholders now on the register to confirm this.

Expand

Another quality post Muad'Dib.

thanks for the time you spend

GLTAH

ER.

ATC Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Money and Investing with Andrew Baxter: The psychology and emotion driving bulls and bears

APS

Allup Silica spotlights ilmenite in acquisition of WA valuable heavy mineral sand project

Diggers & Dealers 2024: Kim Beazley ties mining and military together; highlights competition with China in Africa

HCL

HighCom receives new body armour worth just short of $9M

STK

Strickland picks up 4g/t gold across 89 metres at Serbia's Shanac

First 6 Last

Add ATC (ASX) to my watchlist

(20min delay)
Last 4.6¢		Change 0.000(0.00%)		Mkt cap ! $78.68M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Another quality post Muad'Dib.thanks for the time you...

Money and Investing with Andrew Baxter: The psychology and emotion driving bulls and bears

Allup Silica spotlights ilmenite in acquisition of WA valuable heavy mineral sand project

Diggers & Dealers 2024: Kim Beazley ties mining and military together; highlights competition with China in Africa

HighCom receives new body armour worth just short of $9M

Strickland picks up 4g/t gold across 89 metres at Serbia's Shanac

Featured News

Featured News

Another quality post Muad'Dib.thanks for the time you...

Top Stories

Money and Investing with Andrew Baxter: The psychology and emotion driving bulls and bears

Allup Silica spotlights ilmenite in acquisition of WA valuable heavy mineral sand project

Diggers & Dealers 2024: Kim Beazley ties mining and military together; highlights competition with China in Africa

HighCom receives new body armour worth just short of $9M

Strickland picks up 4g/t gold across 89 metres at Serbia's Shanac

Featured News

Featured News