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16/10/17
21:32
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Originally posted by AllFuelledUp
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I don't think so. Unless they do announce an increase in FUM. Maybe they did pick up a big mandate in New Yorl? Looking at the days trade it was only $9,980 of volume, That would suggest to me that it was a mum and dad investor with a $10k bid who did it through CommSec who took a $20 trade fee, rather than someone risking time at Her Majesty's leisure for the sake making an extra $500
Hang on, just checked course of sales. Ahh no. That was very deliberately traded in the last few minutes and very carefully done to keep the trade under $10,000, which is the point share registries notify companies who the buyer or seller was. Someone wanted to remain anonymous for whatever reason. I expect an announcement within 2 days that would refer to a share price, or draw shareholders attention to it. Someone did not like the look an 83 cent share price gives.
Changing sentiment to Hold from Sell
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Announcement within 2 days, AllFuelledUp? Suspect you are right. Likely they will leak it to AFR first with a material positive spin. And the AFR will swallow it lock, stock and barrel. And re- publish it verbatim.