re: Ann: Estimated Distribution - 31 December...
Have done some analysis on today's trading.
Total Shares traded today =11.88 mill. SHares traded between 3-4pm= 5.25 mill.
Approx 44% of today's volume was between 3-4pm. All of these trades were between 52.5 & 53c which means that there were lots of buyers who were ready to pick up shares at these levels. Other important thing to note is that,volume increased suddenly after the Unitholder briefing ann. at 3:00PM.
I also tend to think that may be some people were waiting for today's shareholder briefing to see if there are any surprises,but it turns out that it's pretty much the same info which we already know off.Also, good to see that they have explicitly re-iterated their strategy of acquiring assets with Aus & NZ and no CR.
MCW Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held