Yes re-loading keeps happening until they provide an update to market.
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Pesky wee 24.5's have been soaked up. Hopefully now off to $0.27
Does make me wonder how large a parcel they are actually trying to get rid of, assuming it is all the same seller.
But, I guess when 99k shares is only $24k and daily volume is only about 100k on a good day, it would take a while to unload a few hundred thousand or more shares without taking a bath.
Bollinger bands tightening.....only a matter of time (he said hopefully!)
Seat belt now tightened a notch - ready for this little rocket to start taking off.
Got to remember, a LOT of stale shares were parked away with Insto's and a Billionaire or two at 19/19.5. I would expect a decent amount will be re-distributed around these current levels, for a tidy gain to those buyers. So it might take a while, or it might just take some great news. In the meantime, just relax, it's not going down.
And for the second time, the BNZ does not own RBC in it's own right - read the announcement again. They are held on behalf of one of the recent large buyers, perhaps as security against some funding lines.
Madmat, correct, ASB don't go into such detail. ANZ Securities do though