Really I think its the Diversa shareholders of which I am one. We are not used to this one way traffic plus we would have been profitable this year. So from that perspective I think a lot are not sold on OVH and are selling into an ever decreasing pool of buyers...
Until profits can be seen and someone takes up the opportunity I think this will keep drifting down. Would not be surprised if this happens until the full year results start sneaking out the door and some staff see the results. I dont think news will do anything for the share price...
Unless Thorney want more and I think they are unlikely to purchase until its reached total capitulation - they may well then acquire at the lows and accumulate. However I think they are happy at the level they have. They now want to watch it play out ...
Its falling on low volume because there are no buyers of note...
Management seem to have the share price and retail shareholders on ignore - lol. Don't even return calls...
OVH Price at posting:
47.0¢ Sentiment: None Disclosure: Held