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).
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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?
After my initial email to the NZX I did receive a reply saying my email had been forwarded on to their "surveillance team".
Still haven't heard anything back - but it does seem weird to me that not a single disclosure has been made after such a large amount of shares traded hands.
Maybe it was the cyborgs selling and then quickly buying, thereby not actually changing the ownership structure at all?
One has to wonder if Sky has overpaid for those rugby rights now. New coach, new captains, new players.... this could be a rebuild for a few years.
Everyone will want to watch to see how they go!
Did have a thought in the back of my mind that a 3 peat would be a big hurdle to climb and so it was.
Some ways if we don't win next time coach may not be under so much pressure all other things being equal.