I have been watching the opening and closing auctions over the last few days. There is DEFINITELY accumulation going on. It's a perfect scenario for a fund wishing to accumulate. No good news for a while (excluding copyright update). Weak retail interest as there was no spike on H1 results and it will take time to see results of H1 activities and strategy. Also not many other funds to compete with to pick up shares as it has hit below 100M MC threshold and outside of ASX300.
So SP may be down here for a while, unfortunately. Traders setup prior to H1 results will giving more cheap shares to accumulators.
ISD Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
