As we have discussed previously, investors are beat up and p#ssed off with the lack of disclosure, 6month delay and still counting but more importantly the dismissive defensive behaviour of the board and management. i don't see any upside unfortunately in the short term imho.
on the other hand if I was new to the story then buying it down here is good buying and a solid growth story over the next 12-18months with a few changes.
Hence large parcels changing hands. let's call it very very early tax loss selling. hahaha
I just hope that if Aus super or any of the other large instos crack the whip it's not by selling as I don't know how they would get out.
I herd one PNL employee say the other day "I can't believe the stocks trading down here" and I think that pretty much paints the full picture.
PNL Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held