Avita Medical Ltd (RCEL)

[melody432]

Two points.

If the Vanguard purchases were due strictly to index funds they would have been buying last summer and fall when Avita was added to the S&P ASX300 and again when they were added to the S&P ASX200. Was not the case.

Secondly, the BNY Mellon shares are a regular addition (or at times subtraction) from the AVH depository shares they hold to back the RCEL shares for the US market. BNY merely holds the ordinary shares for which individual owners like you and me pay an annual fee ($.02/sh in 2019). This addition would indicate increased demand in the US market.