They are not shorting the stock themselves. The scenario discussed above was whether they might lend shares to short sellers.
To me I can't see any reason why they would "trash the stock" as you say. There is simply no benefit in it to them.
Lets say hypothetically, they lend 20% of their holding (or 1% of A2M's overall shares) and that goes on to be shorted.
1) If the SP decreases, the shorters profit whereas Vanguard would see a decrease in the value of the other 80% of their holding. This would far outweigh what they make in lending fees/interest etc
2) if the SP increases, Vanguard profits on their main holding + still rakes in the interest /borrowing fees.
Explain to me why on earth they would prefer outcome 1 over outcome 2 - it would make no sense.
- Forums
- ASX - By Stock
- A2M
- Ann: Becoming a substantial holder
Ann: Becoming a substantial holder, page-22
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A2M (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.88 |
Change
0.000(0.00%) |
Mkt cap ! $4.973B |
Open | High | Low | Value | Volume |
$6.90 | $6.90 | $6.80 | $7.266M | 1.060M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12501 | $6.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.88 | 33092 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 292 | 6.840 |
2 | 8043 | 6.820 |
1 | 500 | 6.810 |
1 | 1100 | 6.800 |
2 | 9844 | 6.750 |
Price($) | Vol. | No. |
---|---|---|
6.880 | 23244 | 1 |
6.900 | 7848 | 10 |
6.910 | 1515 | 1 |
6.920 | 20500 | 2 |
6.950 | 17350 | 9 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
A2M (ASX) Chart |