Just went thru the latest top 20 shareholders list of 31st Oct and compare it with the 14th Sept. list. 2 new comers have made it into the list. JP Morgan Nom Cash Incone Acc has 11.82m shares. Spinite has 4.0m shares. Looks like when the selling was going on, some one else were picking them up eagerly in the last 6 weeks. I couldn't help thinking about those over 1m shares to sell appearing so often and panicking the sellers to sell lower and lower. If I want to maximise my return from selling Kings shares, I wouldn't spook the market with such big figure at one go. I will break my sale up and drip feed it into the market. But I may do it if I intend to buy more shares cheaply and put a lid on the share price or even encourage the price to go lower. Next few weeks should be interesting time.
KMN Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
