There should be no shortage of buyers. The volume of shares traded is consistently between 1 and 3 million per day.
This buying and the fact that the biggest holders have held onto their shares tells me that all is not as bad as it is being made out to be.
UIL Ltd have exactly the same number of shares (101,330,192) that they held two years ago. Even though the escrow date from 12 months ago has passed, they have not sold any.
Nor have the other long term Top 20 holders.
http://www.aspecthuntley.com.au/asxdata/20160530/pdf/01744645.pdf
http://www.copyright link/research-tools/CCE/shareholders
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