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  5. DND: One of my advisory services informed me that Plantro bout $7,500,000 worth of DND stock last week. [Dye & Durham Limited]
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Q: One of my advisory services informed me that Plantro bout $7,500,000 worth of DND stock last week. It already seems to own 10% so it's ownership will be pretty substantial.

Who are they and what do you think about that purchase?


Thanks


Sheldon
Asked by Sheldon on November 06, 2023
5i Research Answer:

Plantro is a Bermuda based investment fund, and controlled by Matthew Proud, DND's CEO. Its interest in DND goes from 16.1% to 17.7%. Certainly it is a good sign. Plantro sold 2.2M shares of DND in January at much, much higher prices and seems to be now re-accumulating. 

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