2 million share plus trade after 5.
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2 million share plus trade after 5.
End of month and quarter, typical portfolio re-balancing. Same in a lot of stocks, FBU, SPK etc. Not much to read into, nothing unusual
One must await the ATM equivalent announcement tomorrow morning.
Perhaps they will also announce the Chinese fresh milk market outlook also for the three Chinese cities, Shanghai, Beijing and Guangzhou, also potentially Bangkok, Singapore and Jakarta.
Fresh milk to Asia could well be as big, maybe even bigger, than infant formula.
http://adf.farmonline.com.au/news/ma...2/2713426.aspx
http://adf.farmonline.com.au/news/ma...px?storypage=2
You can see a full list of the days trades here:
https://www.forsythbarr.co.nz/market...NZX/ATM#trades
I wont say it looks suspicious, but I would definitely agree that it seems highly peculiar to me! I cant fathom why you would see multiple instances of identical and consecutive trades of odd quantities??
Seems to be between 2 and 4 transactions at the same time same amount. Maybe some one is buying for four separate accounts even though owned by same person / company so they don't have to disclose to market so soon about major share holding. Not sure how rules work or if it's possible but maybe someone is pushing price down while accumulating somewhere else?
It is definitely more interesting to come up with conspiracy theories as to why a companies shareprice is in the doldrums , happens with a lot of stocks . Newer and dare I say it, younger posters love conspiracies , but many older more experienced posters who have been investing much of their lives will tell you that the truth is usually a lot more mundane and boring and can be attributed to prevailing market conditions , or just be baffling. One thing though remains constant, the unpredictability of the market.