SKT Sky Network Television Limited.

[winner69]

Over 7M shares traded already - very high volume compared to recent trading.

Someone buying up in anticipation of positive results next week?

...maybe somebody selling in anticipation of a negative result?

Did have to forgo half a cent to quit?

[mistaTea]

...maybe somebody selling in anticipation of a negative result?

Did have to forgo half a cent to quit?

That is indeed another possibility.

Would just seem weird to get cold feet about 1 week out from the results. Why not have dumped the stock earlier if things seemed doom and gloom? The SP has been hovering around 13.7c - 13.9c for a while now.

[flyinglizard]

The blood has not down the street, so the dog cannot run so far. The large negative earnings would be the last falling knife to make the deep cut.

[Ogg]

Over 7M shares traded already - very high volume compared to recent trading.

Someone buying up in anticipation of positive results next week?

Mah man Peter going all in before the 10th...

[flyinglizard]

Mah man Peter going all in before the 10th...

then they may end up with 1.4m loss, good luck!

[youngatheart]

then they may end up with 1.4m loss, good luck!

Please explain how you arrived at this figure...

[Gregnz]

The blood has not down the street, so the dog cannot run so far. The large negative earnings would be the last falling knife to make the deep cut.

What makes you think the earnings are going to be negative? They have already advised their earnings are within guidance?

[mistaTea]

What makes you think the earnings are going to be negative? They have already advised their earnings are within guidance?

The fact they have confirmed earnings guidance is 'good news' - which also makes me think the big volume today is more likely to be due to a player buying big before the results (as opposed to someone getting cold feet a week out and dumping their shares).

[Meh]

It is just one person/ thing who represents most of those shares traded.
In a private trade they bought 6,993,849 shares for 13.85 @ opening. Otherwise only 177,507 shares have traded the rest of the morning representing about about $30,000.
Just stoking the fire, is IFT starting to build a takeover launching pad???

[Entrep]

The fact they have confirmed earnings guidance is 'good news' - which also makes me think the big volume today is more likely to be due to a player buying big before the results (as opposed to someone getting cold feet a week out and dumping their shares).

In that case the price would rise