Riddle me this.
Stockholder AAA loans a million $10 XYZ shares to BBB to short sell and the price of XYZ drops to $3.
So BBB buys them back for $3 and returns them to AAA.
Ignoring that BBB will pay some of the profit to AAA as compensation - how does AAA account for the nominal loss of $7m?
One assumes that AAA is a Fund Manager and should be acting in the best interests of their clients.
- Forums
- ASX - By Stock
- IFL
- Ann: Change in substantial holding
Ann: Change in substantial holding, page-3
Featured News
Add IFL (ASX) to my watchlist
|
|||||
Last
$2.38 |
Change
-0.060(2.46%) |
Mkt cap ! $1.596B |
Open | High | Low | Value | Volume |
$2.39 | $2.42 | $2.37 | $3.955M | 1.661M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 41038 | $2.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.40 | 26405 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11437 | 2.380 |
1 | 4000 | 2.370 |
3 | 25387 | 2.360 |
5 | 28552 | 2.350 |
5 | 9181 | 2.340 |
Price($) | Vol. | No. |
---|---|---|
2.400 | 5054 | 2 |
2.410 | 4787 | 1 |
2.420 | 14787 | 2 |
2.430 | 4787 | 1 |
2.440 | 4787 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
IFL (ASX) Chart |