Sell side thin, page-110

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Hc88

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12/04/18

16:28

Post #: 32415718
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Originally posted by Michaeljob ↑

It's looking to me like we are very close to a major move based on the broker activity. In the early part of the year Hartleys emerged as a buyer soaking up around 4.3m shares View attachment 1055521
Since mid March they became a seller and have so far sold around 4.1m shares, from this it appears that their net holdings would now be down to somewhere around 200k shares
View attachment 1055518

Throughout the year Shaws have been the main buyers and have taken around 10m shares, over the last month they have found the main supply to have been coming from Hartley, however with Hartleys appearing to be nearly out I think we could see things begin to move a little more swiftly. Add to that the expected confirmation of revenue to come from the quarterly and the picture begins to look very good.

View attachment 1055524

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Your figures are correct based on on-market buying.

However Hartleys were the lead manager to the most recent placement and I imagine they have a lot more that 200k shares in their network. I would imagine they still backing the stock I would be interested to see if there will be a broker forthcoming from them.

CRO Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Sell side thin, page-110

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