Certainly is an interesting way of selling a big chunk of shares. Just like dropping the line in the water and hoping a big snapper takes it
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Certainly is an interesting way of selling a big chunk of shares. Just like dropping the line in the water and hoping a big snapper takes it
if they pay another 5.7cent divvy in June this is trading on a 14% div yield. Highest on the NZX?
that 1m share wall slowly but surely being chipped away at
36 shares here... 13 shares there lol
Yeah its not the correct way to sell such a large chunk. Maybe the seller is saying, look here they are, if you want them you can have them.
Again its the reason I voted against Senna purchasing the stake from Eugene. This lack of liquidity (scares buyers) is detrimental to the share long term. (not the company)
Yes you wouldnt want to be a forced seller.
I have a theory that when the June div is paid all the broker websites will show its true dividend yield which will bring interest.
On sharesies and Jarden its currently showing as 7%. Once another div is paid and it shows 14% im thinking it may bring more buyers to the table. Especially sharesies type buyers. they'll look at the chart going up up up and see a 14% div yield and think thats enough to put a buy order in..
could be wrong, just a thought
you're guess as good as mine on that fleeting $1m parcel put on market
If I were a buyer/seller of that $300k parcel that just went, for this company in particular, I'd probably lodge my interest with the company, in hopes they could connect me to someone in the first instance. I'm not sure the trading desks at brokers will be across this one but I could very well be wrong.