Big sellers vs many small Sharesies type buyers - heading towards a very ugly conclusion imo.
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I used the words 'Free holding'. My definition of that is that I have taken my original investment money out previously (by selling at a profit.) Any remaining shares were essentially "Free held' IMHO. I use this as a de-risking tool.
Just my terminology, you are free to think/do differently.
I haven't posted because I'm trying to find out what's really going on, I don't believe the CEO leaving 'immediately' for 'family reasons'. That's BS in my book.
This is what worries me more, on the day before the CEO announcement:
Full legal nameHSBC Custody Nominees (Australia) Limited
Vacation Date03 Aug 2021
Full legal nameSHARBO LIMITED
Vacation Date03 Aug 2021
Full legal nameVIX Investments Ltd
Vacation Date03 Aug 2021
Interesting Baa Baa. :scared: According to the 2021 Annual report showing Top 20 shareholders HSBC Custodial and Sharbo Limited had a combined holding of 3.58%.
The Vanguard notices all related to transactions on the 28th, and rather than sell downs, were listed as In Specie, indicating a fairly substantial tranche of their NZ shares handed over to party unknown in lieu of payment.
Found the whole thing deeply curious, and would love to know what was behind it.
Can’t see any connection to Plx though.
I don't think any of them were 5%+ so no need for notice. Companies Office, scroll down and click on 'Show History'
I missed this one as well, the day of the CEO announce.
Full legal nameHSBC NOMINEES (NEW ZEALAND) LIMITED
Vacation Date04 Aug 2020
Total volume on market hasn't been enough to exit those four large shareholders. I don't know what they've done to get out, or where their shares have gone to. Only thing I'm focusing on is why all of them recorded 'vacated' on 3rd or 4th August. Too much just for coincidence, with the CEO leaving.
Thanks for info, looks like the Herbison departure was leaked in advance.