I still really struggle with the logic of this.
You lend your shares to another company for a piddling fee, they short the crap out of them, and them return them too you when they're worth half the value they were.
Only thing I can think is if you must have a very long term perspective, your convinced they will recover, and see some income as being better than none in the short term.
My simple logic, for what it's worth.
Ann: Becoming a substantial holder, page-9
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Last
37.5¢ |
Change
-0.010(2.60%) |
Mkt cap ! $388.0M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.5¢ | 37.5¢ | $1.970M | 5.200M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 585965 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 17892 | 2 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| SYR (ASX) Chart |