LGI Limited

ASX:LGI

LGI Limited

ASX:LGI
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$3.40 (-0.6%)
Last close price
#298
Rank
1
Held by
15
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Reports (1) My Report Forum Investors
Forum Topics LGI LGI Substantial holding

Pinned straw:
ApplePark
Added 10 months ago

Not exactly a highly liquid company. Most days I think a few thousand to tens of thousands of units trade hands.

This morning, 4 buy orders totally 5.5 million shares. ChatGPT:

Percentage of 88.8m shares (commsec shares outstanding):

(5,500,000 / 88,800,000) x 100 = 6.2% of the company

Identical size to Washington H Soul's position but could be a coincidence.

Quickly getting outside of my circle of competence, but simply a substantial holding changing hands?

ApplePark
Added 10 months ago

Fair. Explains the trades yesterday. 5.6% of the company, not 6.2%.

WAM funds also sold out on the 14th, over 7 million shares.

Interested if this does actually influence volume traded in the future. Not that it stopped WAM building a position for three funds.

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ApplePark
Added 8 months ago

Another large trade this morning.

1.2 million shares or ~1.35% of the company changing hands.

At the moment, if it’s confirmed to be more insider selling, I’m just thinking of it as sensible selling down to realise some gains after many years for some of the management and board.

There is constrained liquidity and honestly I’d like a larger holding but when ~ 10-15k is traded daily, you could seriously struggle trading it in a reasonable time frame.

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ApplePark
Added 2 weeks ago

Change in Substantial shareholder notice at the end of April.

Washington H Soul Pattinson lifting their stake from 9.49% to 11.62%

Last 6 months, selling small parcels above $4 and then switched to buying again below $3.8 (which was the last capital raise price).

By no means a meaningful shareholding for Soul Patts, but positive support for LGI to have a high calibre and long-term investor. Maybe of note, Vik Bansal is on both boards.



H. SOUL PATTINSONWASGTON H. SOUL PATTINSON H. SOUL PATTINSONWash


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