2022 BRN Discussion, page-2705

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aurelex90

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14/01/22

21:16

Post #: 58879552
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Originally posted by tinhat: ↑

Those two sales totaling 12m shares were "crossing" trades. They were traded today and were reported by the broker after market close. Essentially they are both an off-market transfer at the market price ($1.50) allowable under the ASX trading rules. Often brokers will organise big trades to occur off market at the closing price if they have a buyer or a seller that is looking to transact a large volume of shares and if the broker has enough sellers to match the buyer or buyers to match the seller, depending on the circumstances. Sometimes these shares are just being shuffled around between large shareholders under the same nominee account.

Who/what is going on with these two trades? I don't know. The only other relevant info, of course, is that today Brainchip made a capital call on the put option holder, LDA Capital, and issued them 15m shares. Maybe LDA Capital had to offload some of those shares to cover the cost? Maybe the didn't want to be left holding the shares at the current market price and instructed their broker to offload them at $1.50 limit?

I don't quite understand how those put option shares are priced. I didn't know they existed until the announcement was made. Something about 90% of VWAP? What was the VWAP this morning. I only know that at close today it is $1.63. Maybe it was around $1.50 this morning. It's turned out to be a fortuitous arrangement for BRN. I can imagine that LDA Capital might be thinking there is too much short term downside risk in the current share price to be holding shares they purchased at 90% VWAP and maybe they will want to flip them.

Personally, I think BRN is going to retrace from here. I only jumped on recently and had only held for a week or two before selling yesterday. I can understand why long term holders might want to hold firm, but I am looking for a re-entry at a lower price myself.

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what price do you think it will retrace to?

BRN Price at posting: $1.50 Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last 19.5¢		Change -0.005(2.50%)		Mkt cap ! $361.9M

Open	High	Low	Value	Volume
20.0¢	20.5¢	19.5¢	$878.2K	4.371M

Buyers (Bids)

No.	Vol.	Price($)
64	1444914	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	388739	9

View Market Depth

No.	Vol.	Price($)
62	1344164	0.195
62	1739410	0.190
33	1759832	0.185
50	1530443	0.180
16	598862	0.175

Price($)	Vol.	No.
0.200	337097	7
0.205	914687	15
0.210	1398298	25
0.215	506951	23
0.220	758461	24

Last trade - 16.10pm 15/07/2024 (20 minute delay)

BRN (ASX) Chart

2022 BRN Discussion, page-2705

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2022 BRN Discussion, page-2705

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