Mac is looking to de-list their MAP assets by selling to private investors and buying back shares. They have over 129 million GPT shares, it’s not in their interest to short, they may be playing the margins to make a few bucks but IMO there could be a more cynical motive in place. E.g. Manipulating the SP while accumulating for a bid? To hold over 5% means they will have trouble to sell it off in the market without decimating the SP, GPT have a MC of over $3B so 5% is not a small amount.
At $1.63 and NTA over $3.70, shorting can be dangerous.
mqg sub holder, page-8
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Last
$5.00 |
Change
-0.010(0.20%) |
Mkt cap ! $9.577B | |||
| Open | High | Low | Value | Volume |
| $4.99 | $5.01 | $4.95 | $17.86M | 3.577M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42190 | $4.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.01 | 42190 | 2 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| GPT (ASX) Chart |