If it makes your decision any easier, there's been lots of director buying in the last few weeks which may have pushed the share price up from the low $6 to the current price.

Disc: Held IRL and on Strawman.

@occy yeah two strategies (ok there are maybe more), buy it when there is bad news because you believe it is below intrinsic value and wait through, in this case several more negative items, and lower SP, and be patient OR wait for a positive turn in events and then buy, realising you wont pick the bottom (who can?), but hopefully get in at still a good value. the way momentum investing and sentiment work in the market these days, the second one is usually safer, but in this game, there are no guarantees.

im a modest holder and riding the waves. So I'm a buy some and watch. The positive is that the damage does not appear to be in the core business.

An eye-catching double digit drop on yet another bright green day for the index. What gives?

Daily Trade Volumes are listed below from recent trading days TH:

And today is greater volume (so far) than all of those days except for May 29th. So higher than usual volume of trades.

If you held a gun to my head, my best guess would be that one of the Subs listed below are reducing their exposure and the low liquidity is causing the price to move substantially as a result of those sells:

If I'm right, we should see a "Change of..." or "Ceasing..." notice from the relevant Substantial Holder during the next three days.

Disc: Not held.

ASX price query letter sent and returned with nothing to see here response.

Hopefully a good chance to top up at attractive prices, taking advantage of a short term thinker who is exiting with too much of the avg daily trade. One of the advantages we "retail investors" have over the big guys...

I was thinking along the same lines @Bear77. I also heard that brokers are speculating on index exclusion.

If either of those reasons hold water, this may be an opportunity.

Could be both TH - could be that a Sub is selling out because of an expected index removal. If you own a decent chunk of a low liquidity microcap it's hard to exit without disturbing the share price, and the lower the liquidity, the more substantial the disturbance is likely to be.

Noticed Australian super there in the list for pwr. Possible there could be a proportion that are member direct contributions.

No doubt some are @edgescape however the sort of sell down we saw a couple of days ago was coordinated selling by a Sub or decent sized holder IMO. It could be a combination of both. If you have a look at the Subs notices from AustralianSuper, there's usually loads of small volume trades on almost a daily basis over weeks and months, that's a clear sign that those trades are members' trades, whereas much higher volume on particular days could be AustralianSuper's own fund managers adjusting their own positions, although in my experience AustralianSuper's fund managers don't usually invest in anything below the ASX200, and this one is in the 300 but not the 200, so I would imagine it's AustralianSuper's "Member Direct" members that hold the shares - but in AustralianSuper's name.

AustralianSuper are Australia's largest super fund and they manage over $365 billion on behalf of over 3.5 million members. Their website's home page says they've been ranked among the top 20 largest pension funds globally - so they are a big fund - one of the largest in the world. So if just 1 in 7 of their 3.5 million members uses their "Member Direct" option to choose their own ASX300 companies to directly invest some of their super into, that's half a million Australians, and so there are always going to be a percentage of those half a million that are going to choose PWR Holdings (PWH.asx) as one of their choices for direct investment. It's why AustralianSuper crop up so often as Subs for ASX300 companies, especially ones in the 200 to 300 range (the lower third of the ASX300) where the market caps are lower and building a 5% (Substantial Holder) position isn't as difficult as it is with larger companies.