Hi @Akdjnr
I agree with you mate, something is going on, I wish I knew what and who.
Someone bought in one transaction the 5,008,582 Herron Options recently 31 October 2019.
Someone (Instinet Nomura) has purchased 2,464,112 shares on market in the past 3 weeks.
That's a total of 7,472,694 shares that have changed hands in unusual circumstances recently.
I absolutely disagree that this has something to do with the NSW spinout of Godolphin, its too big, too concentrated and financially too expensive for the above average punter to engage in such activity.
Then logic dictates that few people would buy 4 x $0.70c ARL shares to get a $0.20c share for free in Godolphin.
They would just go and buy one $0.20c Godolphin share in the preferential IPO.
Something IS going on.
RED
ARL chart, page-1868
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Last
47.0¢ |
Change
0.020(4.44%) |
Mkt cap ! $93.85M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 47.0¢ | 45.0¢ | $33.49K | 72.16K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 606 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 15000 | 1 |
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| Last trade - 15.53pm 16/08/2024 (20 minute delay) ? |
| ARL (ASX) Chart |