I have been watching the trading over the last few days and I am of the opinion that we are seeing the start of an accumulation by a significant entity. Perhaps a super fund or investment house or some such. If this is the case then I believe that it will be very good for holders. I spoke to the ceo of FAR at the Sydney conference and he was very pleased with the percentage that institutional investors now had in his company as compared with retail investors. He believed that it added stability to the share price as the institutional investors didnot abandon the stock if there was bad news as readily as retail and as managers it didnot cause as much angst to deal with them.
Does any one else have any thoughts??
regards
Potter
NWE Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held