MLA 0.00% 8.5¢ medical australia limited

Hi Christophe, yep it's definitely hard to acquire a meaningful...

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  1. 798 Posts.
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    Hi Christophe, yep it's definitely hard to acquire a meaningful stake, I had a look at the free float back late last year, and noted that outside the top 25 holders there is very little left available for the rest (excl the top 25, there's around 21m shares from memory).

    Interesting the 200k parcel at 4.9c, has gradually increased throughout the day (starting at 4.5c). Looks to confirm the seller of 50k parcels @ 5c is finished up, and that the bid/ask might need to tighten the 4.9c/ 6.7c level to lure any further sellers into the fray.

    And in a couple weeks (as per previous year's announcements) we should be getting a Revenue report, then a month following the FY report due 30/09/16, here we'll see an updated Top 20/25 holders.

    all IMO, DYOR etc...
 
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