UBS’s equities desk was off to a busy start on Tuesday morning, trading a 2 per cent stake in Pilbara Minerals worth $250 million.Street Talk. Jim RiceThe deal, at $4.10 a share, was a 2.4 per cent discount to the last close.Investors were speculating that the seller was Pilbara Minerals major shareholder Contemporary Amperex Technology (Hong Kong) Limited, which owned 6.9 per cent of the company’s shares prior to the trade.The trade would see it dip below the 5 per cent substantial mark.The sale followed news on Monday that Pilbara had secured a debt facility for its POSCO joint venture.CATL invested in Pilbara Minerals in 2019, when it tipped in $55 million via a strategic placement. It initially bought 183.3 million shares at 30¢ each.
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Last
$2.92 |
Change
0.070(2.46%) |
Mkt cap ! $8.793B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.97 | $2.87 | $100.5M | 34.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 490422 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.93 | 56326 | 3 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |