WHC 3.97% $7.99 whitehaven coal limited

Target $18.72, page-113

  1. 567 Posts.
    lightbulb Created with Sketch. 314
    Hey folks, have seen a few comments about the buy-back (BB) that I think is worth clearing up.

    On-market BBs have strong regulations due to insider trading & market manipulation laws. As such, they are highly structured & automated using specific computer algos designed to target ~10% of daily liquidity at VWAP. This is to prevent companies manipulating SPs around time-sensitive events to achieve director performance bonuses etc.

    Unfortunately, there is no BB boy sitting at his intern desk eating a burger & manually entering in orders to make use of the SP weakness! frown.png

    However, the fact it's a high volume red day is definitely a positive for the BB. Cheers.
 
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$8.15 $8.24 $7.94 $56.72M 7.061M

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11 70838 $7.98
 

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Price($) Vol. No.
$7.99 66806 3
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