I remember being involved in a previous takeover where Macquarie kept buying shares only to then transfer them to one party in a bidding war. Clear as day. It’s Not technically allowed to purchase shares on market at under a bid price but it was clearly happening. Sometimes when there are related parties it is kept pretty opaque. Similar thing occurred with some Australian takeovers recently where one party buys a chunk (up to the 20% takeover limit )and similarly another party buys a chunk ( to the 20% limit ) and then out of nowhere 1 party agrees to sell there shares to the other party so they have close to 40% without too much trouble it’s a much easier step then to succeed with a takeover from there. They try to mask it but it’s pretty obvious it was a stray all along. Not sure what is happening here but when there is money ito be made there can be some pretty dodgey practices. GLTAHs
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Last
26.0¢ |
Change
0.080(44.4%) |
Mkt cap ! $51.18M |
Open | High | Low | Value | Volume |
24.0¢ | 28.0¢ | 24.0¢ | $844.5K | 3.262M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 111111 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 423 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 111111 | 0.270 |
4 | 69870 | 0.260 |
3 | 42099 | 0.245 |
1 | 21200 | 0.225 |
1 | 68181 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 423 | 1 |
0.260 | 248920 | 5 |
0.265 | 67547 | 2 |
0.270 | 110077 | 4 |
0.275 | 50142 | 3 |
Last trade - 10.47am 02/09/2024 (20 minute delay) ? |
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