Thought you were joking mate …….might even get there this week at this rate
MFB …the new 2CC
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As noted there, this trade was reported to us (the market) as a single off-market trade. But that doesn't tally with the two SSH notices today, which refer to:
- purchase of 7M on-market at 12.5 cps (not clearly stated if a single trade)
- sale of 2,647,069 on-market at 12.5 cps in aggregate sales (notices says 'sales', maybe imply more than one trade)
Unless there's some legal loophole, I don't think Jarden+Harbour are at liberty to report their holdings after part of a single trade. If they were the counterparty (and it couldn't have been anyone else), they need to account for the full 7M.
I'd also find it misleading if the SSH notices report a date (no time), but not the holdings as at the end of that business day, as is customary in all financial reporting. It mightn't be against the rules for SSH notices, but it ought to be.
Is the market being fed numbers out of someone's ass here?
The timing and the amount would suggest that its all Harbours stock that was sold to APL. Why the SSH is showing less could possibly be a technicality since they have a number of different funds and the timing of the paperwork. Either way if the non-stop selling on the market stops then its a good thing.
Lol... classic. Fundamentally nothing has changed with the recent SSH notices.
So lets see what happens when the next set of numbers are reported. Im happy to be wrong but still think deliveries will be down on pcp..
You own MFB? I remember you posting about it being cheap when the SP was in the 20cent range. Did you double down?
What are they serving in the bags now days.
Dead cat bounce.
Yes the chances have dropped dramatically now that harbour are out. The only chance was if they kept selling down into the next reporting date. Maybe small chance still as Jarden can take up the baton and sell out of their 5.5m shares.
I saw major holders in 2CC and HCL.asx sell down into positive reporting. was hoping to see it a 3rd time this year.
Share price up strongly today …..and closed at days high …that’s a good sign