Originally Posted by
Balance
Cheap relative to where they bought in and perceive as value, I suspect.
Sure. Sent to me by one of my contacts.
Movements over last 2 weeks among top 100 shareholders :
Huljich +127,500
Institutional +78,000
Forsyth Barr & FNZ Custodians +130,000
First NZ Capital Securities -146,687 (leaving 410,000)
Forsyth Barr Custodians -20,000
Now that I have had a closer look, I wonder if First NZ Capital Securities is selling the last of the placement stock from Masfen?
May explain why shares keep getting dished out at 60 cents.