VPG vodafone group plc.

it's official - vpg is not being manipulated

  1. 32 Posts.
    I sent a query to ASX about the recent trading activity on VPG including the open/close trading and they've come back to me.

    Quote:

    "Surveillance has reviewed the recent trading in VPG and notes the 1 share difference on the buy and sell side during the auction period.

    "This appears to be the result of traders reducing their bids in order to get a lower matching price from the auction process.

    "The strategy is intended to achieve a lower price when buying than otherwise would have been the case if the Participant had bid for 1 more share than was entered. This is an outcome which presumably most Participants would seek to achieve. Such trading is permissible and is not considered manipulative or inappropriate.

    I guess as long as the activity is part of a 'strategy' it is fine.
 
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