I definitely don't understand BG declining block trade offers. He could possibly sell all his holdings in just a few trades, yet he prefers to drag it out and let the SP suffer as a consequence. I'll let other people make their own minds up as to why. I've got my own opinion.
I don't think Instos are in the habit of investing huge amounts of money just to absorb someone else's money making. They like to see a return happen quickly, and unfortunately BG still has approximately 5M shares to offload.
Him selling up can't come quick enough for me.....and others.
RAC - Charts & Price Action, page-11256
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Last
$1.94 |
Change
0.055(2.92%) |
Mkt cap ! $330.4M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.96 | $1.85 | $333.0K | 174.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3105 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 7574 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |