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13/03/18
09:59
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Originally posted by lackadaisical
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hey guys
i'm a bit concerned to see that there were 3 mil shares sold over the weekend in one trade
3 mil is a huge chunk of the company, so this was probably someone on the inside who has a position on the board, etc
if they're invested this deeply into the company, why would they be selling off their shares now? it kinda makes me nervous
do we know what the reason for this was?
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I really wouldnt speculate. No matter who sold it, someone BOUGHT it - so not a negative.
the trade was A4540k, and it is a A$123mln company. it is a teeny weeny little trade - with a Buyer.
ISX show as owning about 297mln shares - so if was an insider it was 1% of the holdings.
Best to ignore these things as really means nothing