Coronation up from 4 to 29% since last summer. I wonder what the game plan is? Buyback still ongoing with only 2.5M of a possible 7M shares purchased so far.
With nearly 55 million shares on loan to shorts (13.7%) the share price is not going to rise for the foreseeable future. With the major housebuilders cutting back not helping sentiments. The only solution is a takeover offer to scare off shorters
Coronation 23%,Camissa 15%, Public Investment ltd 5%, Biltron 8%, BlackRock 5%, Vanguard 5%, Quilter 3.5% Just short of 70% in total. Are the shorts being used to crash the SP for non fund holders? What is the end game
I have no idea 2hat they are up to but Coronation have 26% and Camissa have 11%, both up from low single digit holdings, so a takeover must be in the offing ?! Trading announcement mid march prior to finals might flush something out. I have a good size holding which hopefully will pay off
Looking at shareholding notifications I would not be surprised if an offer for the company arrived in the not too distant future. Now is not the time to sell
A quick question re shares trades for very low number of shares, frequently only 1 or 2 . Is this automatic computer trading or is it shorters trying to drive share price down?