RE: What is it with8 Jul 2015 10:37
Buy/sell flag is calculated simply whether it's above or below bid-offer spread midpoint. The transaction was @ 7.55p when spread 7.5-8 and midpoint was 7.75p ~ so automatically flagged as a sell. Beyond stating the obvious that every sell has a buyer and vice versa the fact that trade price was so low, if transaction was buyer led, screams that there's little/no demand for OBT shares which also explains price drift to new 52wk lows.
With hopes for sp recovery pinned largely on a sale of the timber business, probably to the Chinese, confidence is being smashed by market uncertainty, tanking Chinese shares (which could impact their real economy) and poor communication and earnings visibility from OBT.
Sp will go lower imho. Sitting on a hefty loss on my holding currently so hoping as much as anyone that OBT can pull a rabbit or two out of the hat asap.