Here we go, the first ASX subholder notice, and it was UBS...

Here we go, the first ASX subholder notice, and it was UBS selling.
I expect another ASX sub-holder notice to come shortly as today's notice was only up to 11 March 2016.

Compared the detailed transactions with the broker data, it appears UBS was the Main seller and sold via other institution brokers (Morgan Stanley, etc) as well. They usually use a number of brokers/accounts to trade; and also, the first broker sale of 400k @$1.695 seems from UBS as well.

Some brokers seem still having confidence on 1PG, bought over 1.4m shares via ITG Australian, Pershing, BTIG & Cannaccord over pas two weeks.


We have 2.6m broker cross trades over last two days, in my view, both were likely closing short positions and, obviously one sold, and One was happy to buy big chunk of 1PG.

It's hard to pick up the exact bottom, but fell from $5.69 to $1.46,  -75% drop is overdone, imo,
1PG should bounce at least $2.19