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16.0¢ ten network holdings limited

The article says 'since last Wednesday' (1st March)... my chart...

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corvet

129 Posts.

08/03/17

08:20

Post #: 23173526
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Originally posted by asf ↑

http://www.smh.com.au/business/medi...as-market-dreads-results-20170307-gusn2n.html

"Since last Wednesday an institutional trader with Sydney brokerage CCZ Statton equities has sold about 810,000 shares on behalf of a client, according to trading information provided by Bloomberg.

"This suggests an institutional shareholder has been selling out, but Ten has not yet issued any change in substantial holding notices.

"
Institutional shareholders with more than 800,000 shares but less than 5 per cent include Blackrock, SIG, State of California, Vanguard Group, and Network Investment Holdings (part of Seven Group Holdings).

"

__________

No capital raising then. Results not due until April. Could bounce but who knows. :/ With this 44 % drop in 2 weeks, a bunch of folks must have been toppled by margin calls, adding to the price pressure.

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The article says 'since last Wednesday' (1st March)... my chart shows the heavy selling started Thursday 16 th February. So are there other major sellers?

TEN Price at posting: 52.5¢ Sentiment: None Disclosure: Held
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