Hi 2ic
My thinking was more around the remote possibility that it may not have been legal for Opes to pass on mortgaged shares as collateral.
Opes wanted to do it, ANZ wanted to receive them - but if it is a mortgage agreement (which personally I think unlikely - but possible) then it is likely that Opes should not have put the shares up as collateral. This of course would slurry their whole business plan and leave ANZ looking more than a little stupid.
If I had to guess though where things are going to go, in the short term I think it will bounce off the low set a couple of weeks ago and then hover around $22, underperforming the rest of the banks' recoveries but moving with the market.
Something like the above I think is a long way off if it were to come about.
All the best.
anz has bottomed time to buy., page-22
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Last
$31.59 |
Change
-0.230(0.72%) |
Mkt cap ! $94.08B | |||
| Open | High | Low | Value | Volume |
| $31.81 | $31.85 | $31.46 | $174.0M | 5.641M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $31.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.60 | 12719 | 5 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |