MYR myer holdings limited

I read that a third of the shares on issue are held in...

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    I read that a third of the shares on issue are held in un-tradeable sized parcels. $500 worth

    I cant confirm if thats true or not, but it was a media story.

    It means that there are heaps of shareholders that hold very tiny holdings, so none of those have doubled down to make their holding a tradable parcel.

    Im not sure If a company is obliged to buy out the small holders, or else sell all those holdings on market and post off a check to the holder.

    It also means 33% of the shares are held by people unlikely to reply to a Vote at a GM.

    Anything could happen but 2nd Half probably wont break even.

    Short Intrest is rising.
 
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