Forum Archive Index - October 2001

[Sam and Jerry <samjer@xtra.co.nz>]

Further to this:

According to Nuplex's  annual report, as of 4 Sept 2001, there were only two
institutions with holdings of 9 million shares each: Shamrock, and Palliser
Nominees.  Tower and New Zealand Guardian trust come in next with 6 million,
and 4 million respectively.  So, are TWO substantial shareholders selling down
their entire holdings?

This can't be a good thing.



Sam and Jerry wrote:

> Does anyone have any information on why two lots of 9 million  Nuplex
> shares were sold this morning at 8.44 AM, before the market opened?  the
> average price seems to have been around $2.70.   Does anyone have a tame
> broker they could ask?  It's obviously a big selldown by an
> institutional investor, but whom, and why????
>
> The other Jerry
>
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