LGI Limited

ASX:LGI

LGI Limited

ASX:LGI
TradeAdd trade order Follow Unfollow Set Price Alert
$4.05 (-0.2%)
Last close price
--
Rank
0
Held by
13
Followers
TradeAdd trade order Follow Unfollow Set Price Alert
Reports (1) My Report Forum Investors
Forum Topics LGI LGI Substantial holding

Pinned straw:
ApplePark
Added 4 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 4 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.

5028e68648aa5a72a5f1375c31c2f262351da1.png

5
ApplePark
Added 2 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.

8