Yes, I think there should be some announcements this week.
Damn near 30 million shares were traded last week (about 7% of total shares outstanding).
Printable View
http://nzx-prod-s7fsd7f98s.s3-websit...012/310240.pdf
Great news.
Now if they can hang on to the NRL, they will be in a very strong position.
I have asked the NZX surveillance team to take a look at this (massive trading volumes in a short period of time, yet still no disclosures).
I can't imagine the 30 million shares traded in a week were mostly done by smaller retail shareholders (thereby not warranting any disclosures).
But let's see what the NZX come back with.
Possibly you'll find that this seemingly large volume is illusionary. Market structure and associated algorithmic trading enables appropriately resourced market participants to be both buying and selling stock while say accumulating a position. You can see it on various SSH notices whereby an entitiy may have bought 9m shares but concurrently has sold 8m for a net gain of 1m. The net gain of 1m may not be enough to trigger a disclosure, while it appears there has been significant volume.
I think the timing when disclosures have to be made go along the lines of as soon as one knows or ought reasonably to know.
So maybe there aren’t any new SSH and none have ceased to be SSH and no current SSH has gone +/-1%
But then tomorrow another day
Still no SSH
So all those zillions of shares just churned by the instos
No ‘corporate’ activity?