Just as earnings season is coming to an end, another block trade has emerged to kick-start the week.
A parcel of $62 million worth of Booktopia shares (about 16 per cent of the company) exchanged hands early on Monday, driving the company’s share price lower despite the business beating its already upgraded prospectus sales forecasts.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
