Incitec Pivot Ltd T.IPL

RE:JP Morgan says only 10% of volume in actual stock picking

[roberto146]

I'm not sure I understand why you think the 'actual' volume is 150,000 a day. Volume is Volume, no matter if it's individual investors or institutions trading.  The Plan Broker could have a million shares a month to put into the market (if we make a back of the napkin guess that roughly 2/3 are Premium DRIPs), and that could qualify as a big block trade itself; something an institution would want to buy. All JP Morgan is saying anyway is that 'little' traders are only 10% of trading, but it doesn't matter who's buying - it's all volume.

I'm also puzzled by the company's comment you quote that if they sell assets they could look to eliminate DRIP and Premium DRIP - usually a company would want to issue paper to preserve cash. Here we have them apparently saying that they would sell assets, receive cash which could be devoted to capital expenditure or debt reduction but instead effectively use it to pay dividends instead of issuing treasury shares for dividends, which is, apart from share dilution, 'free money'.
I'm not a high finance guy, so I can't make sense out of that one.
As far as the share price is concerned, it could just be sympathetic to the Dow drop; last summer Dow dropped 2,000 and IPL went from 21 to 18.75, then back up. From my experience share price movements most often don't make sense so I gave up long ago and subscribe to the notion that stocks go up until they go down and vice versa, unless they go to zero for which there is always a reason.
As a side note, the last 25 of today's Market on Close trades were for odd lots sold by Citadel Securities, ranging from 7 to 86 shares each; there could be more than 25 trades. I wonder what that's all about - maybe those are DRIP shares that individual shareholders have decided to cash out from their holdings.