SKT Sky Network Television Limited.

[blackcap]

That is a heck of a lot of stock being offered at 15 at the close today. Monday will be interesting.

[Cadalac123]

Will probably drop monday. Friday will be interesting though

[blackcap]

Will probably drop monday. Friday will be interesting though

Which Friday are you referring to?

[Cadalac123]

Which Friday are you referring to?

Next Friday

[Ogg]

That is a heck of a lot of stock being offered at 15 at the close today. Monday will be interesting.

The large institutional parent companies have instructed their traders to keep the price of SKT suppressed during the retail entitlement phase, so that a shortfall arises and additional shares can be underwritten.

This is what happened with Kathmandu. It was artificially manipulated by excessive short selling.

It's a fact that only 51% of the retail shareholders of Kathmandu elected to take up their entitlements, luckily it was 82% after over subscriptions. Even so, this still created a shortfall of 19 million shares. These 19 million shares have generated an additional $10m in profits for institutional holders who underwrote the shortfall.

I suspect more shorting on SKT next week. I also suspect an approx 40% shortfall in the SKT retail entitlement if the price continues to stay suppressed at these levels. This doesn't actually bother me as it greatly increases my odds of getting 120%. Sub 12 would be nice, but 15 should be more than enough to achieve it.

[Cadalac123]

The large institutional parent companies have instructed their traders to keep the price of SKT suppressed during the retail entitlement phase, so that a shortfall arises and additional shares can be underwritten.

This is what happened with Kathmandu. It was artificially manipulated by excessive short selling.

It's a fact that only 51% of the retail shareholders of Kathmandu elected to take up their entitlements, luckily it was 82% after over subscriptions. Even so, this still created a shortfall of 19 million shares. These 19 million shares have generated an additional $10m in profits for institutional holders who underwrote the shortfall.

I suspect more shorting on SKT next week. I also suspect an approx 40% shortfall in the SKT retail entitlement if the price continues to stay suppressed at these levels. This doesn't actually bother me as it greatly increases my odds of getting 120%. Sub 12 would be nice, but 15 should be more than enough to achieve it.

Same pattern i've noticed a lot too. Obviously some variability though, but majority of times this tends too happen. Buying before the settlement date of the institutional shares is also the highest risk time

[Balance]

That is a heck of a lot of stock being offered at 15 at the close today. Monday will be interesting.

Indexing - MSCI

[Ogg]

https://www.asx.com.au/data/shortsell.txt

2m shorts yesterday. Suspect more in derivatives, swaps and other instruments. Likely 10m shorts today. We won't know the full picture until 8 days later on shortman. Safely assume 80% of trades now are fake and short selling.

[mistaTea]

This doesn't actually bother me as it greatly increases my odds of getting 120%. Sub 12 would be nice, but 15 should be more than enough to achieve it.

Too right, fingers crossed. Just finalised my application today by making payment (required a trip to the branch as I couldn’t process it online myself).

Have applied for ~1.2M new shares in total.

[Baa_Baa]

Too right, fingers crossed. Just finalised my application today by making payment (required a trip to the branch as I couldn’t process it online myself).

Have applied for ~1.2M new shares in total.

Gee I truly hope it works out for you, that’s a sizeable chunk on top of your existing holding to have in one company with an almost 6 year track record of shareholder wealth destruction.

I honestly do hope it works for you, though it’s way too risky for me. All the best.