Also apologies, was meant to say Friday for the day the shares...

First 695 Last

Share
Profile

Follow
malkay

445 Posts.

73

18/08/21

14:31

Post #: 55386819
Share

Originally posted by malkay: ↑

The vast majority of selling has come from two brokers; Instinet Nomura & Morgan Stanley.

I've been watching the data almost daily and the main notable things from these two are below:

Instinet Nomura
18/6/21-12/7/21 Small sporadic sells every fell days.
21/7/21- 6/8/21 Heavy sells daily to offload, have not seen any selling since. It is worth noting that this selling started on the day the Capital Raise was announced. This period saw a heavy fall in price.

Morgan Stanley
23/6/21-1/7/21 Tiny daily sells
13/7/21 One tiny sell
23/7/21-12/8/21 Very heavy daily selling

There were no sells by Morgan Stanley on Friday 13/8/21, so it is possible they are finished. However, further selling since then fits into the same pattern as how they have been selling previously, so I am predicting it is still them (who knows, Morgan Stanley may be the suspicious type?).

It is highly likely that they are selling heavily on market to buy back in the Capital Raise. Including the free options, the average price per share is .173, so even though selling at a price of .250 seems ridiculously low, they're able to secure them back for a far lower price. It's likely they're effectively swapping long term holdings and I'm doubtful that these will be dumped on Monday when shares are released to market, but we will see.

18/6/21-13/8/21
21/7/21-13/8/21
If there are any specific dates anyone is after, please let me know.

Expand

Also apologies, was meant to say Friday for the day the shares will be released on market.

TTB Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Nine's staff strike as Paris Olympic coverage begins

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit