Post by
KillaDip on Sep 20, 2024 10:43am
Massive Share Overhang
A large base of disgruntled BCE shareholders have an avg cost between 54 and 60 a share and the selling pressure since the MLSE announcement has proven the journey back to the mid 50s needs some larger volume days to clear it. This week saw good flows due to ex div, MLSE sale and triple witch. The next big flow week will come first week of Nov with Q3 announcement. If a new strong base of shareholders is established under 50 it should provide for good stability into the latter half of '25 and heading into'26.