Forward Selling of Loan Conversion shares ?12 May 2026 14:50
My theory still stands that the SP is being temporarily suppressed by the possibility that the 6m loan conversion shares are being forward sold. There are around 1m shares difference between the cumulative total on L2 and the buys/sells shown in the EPP Fundamentals today. Once they show up and IF my theory is correct and the other chunky round numbered sales are part of this, then the sales will have flushed through by close of play today or tomorrow at the latest. Once cleared, I think we will see a good rise again. I had fully expected a blue afternoon, but these chunky sales are putting temporary downward pressure on the SP.
Does anyone else have a view ?
Still, not bad when you think we have seen a 100% rise in the SP in the last fortnight.