My point is that as a shareholder, I'd jump at buying at 59c (given the price over the last 10 days), and as an existing shareholder, I'm more likely to hang around on the register than these institutional investors.
These guys are just going to take the shares at 59c, hold for a couple of weeks until they have made 10-20% on their buying price and sell for profit.....which then puts adding downward pressure on the price.
It really doesn't matter how big LVT gets....it matters that mgmt have shareholders interest in mind
LVT Price at posting:
75.5¢ Sentiment: Hold Disclosure: Held