Surely the CEO of NAB has to be seen to be beyond reproach.
Whilst there is no evidence of 'insider trading' it is not unreasonable to suppose that the CEO of a company is aware of a $2 -> $3 BILLION dollar capital raising that is going to occur at less than the current market price within 7 days of the trade.
It is not unreasonable to also presume that the price may drop towards the capital raising price
Surely it gives the appearance of a trade that MIGHT be based on information that is not available to the general market. In which case, should it not:
a/ Not be appropriate to trade in such a manner so close to a capital raising
b/ at least be investigated by the market regulator to demonstrate that there was NO inappropriate trading.
I am not stupid and also have the benefit of a legal degree. There is no evidence of illegal activities, but the trade certainly does give the 'average public' much confidence that they have access to the same information that the institutional market does.
What do others feel about this??
J.
Personally I feel that this was a very disappointing set of events.
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Last
$37.35 |
Change
0.410(1.11%) |
Mkt cap ! $114.8B |
Open | High | Low | Value | Volume |
$37.04 | $37.53 | $37.03 | $252.9M | 6.772M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13447 | $37.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$37.36 | 286 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13447 | 37.350 |
2 | 61863 | 37.340 |
2 | 25576 | 37.330 |
5 | 51858 | 37.320 |
2 | 159 | 37.300 |
Price($) | Vol. | No. |
---|---|---|
37.360 | 286 | 1 |
37.380 | 10232 | 2 |
37.400 | 1600 | 2 |
37.410 | 10044 | 3 |
37.430 | 170 | 1 |
Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
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