Hi DF
They have started building cash reserves but I don't think enough. Some of the funds are altering there T's & C's to limit withdrawals... the applications to withdraw are still coming in - let's say these go to 750,000... and all of them want to withdraw $10,000 in June and $10,000 in September - the funds will have to find $15b in cash.
Lets say 1/3rd of this comes from selling Australian equities - $5billion - let's say some of this is re-invested by the withdrawee's back into the market - you will still be looking at $3b+ selling pressure.... even on minimum numbers...... There will be pressure - inevitable: I don't think this was thought through when Morrison / Frightenedburgh made the announcement: this is par for the course for Morrison - announce then sort out the details: I don't think the details were considered....
How it feels to miss the bottom?, page-158
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Last
$134.97 |
Change
0.200(0.15%) |
Mkt cap ! $225.8B | |||
| Open | High | Low | Value | Volume |
| $134.37 | $136.03 | $133.51 | $212.5M | 1.575M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $134.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $134.98 | 1713 | 1 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| CBA (ASX) Chart |