Originally Posted by
Beagle
1,000,000 shares on Thursday and 500,000 shares on Wednesday transacted at the same price and manner after market close so definitely not end of quarter window dressing, as institution looking to build a stake through a negotiated off market price. This also explains the sudden strength in THL's price this week, buying has probably been on market during normal trading hours too. Indeed just expanding on that THL started the week at just $4.63 and has risen, (if you count $5.00 as the last trade as some websites do) a whopping 8% this week to $5.00, and that in a week when political uncertainty reigned supreme.
Further, the SP rise really only shifted into top gear on Wednesday when it opened at $4.73 so the vast bulk of the weeks gain came in the last 3 days, (all three of which included significant off market transfers after the close).
I think that we can conclude that a stakeholder is looking to significantly add to their position as quickly as the market will allow it too. Takeover coming soon ? Just a thought :D