I have been observing Transurban for 2-3 months through the machinations of th on/off Canadian offer (or not).
It is quite interesting to see the trading range 5.00-5.15 over the last 4 weeks (with a couple of exceptions) then this week a couple of pumps to 5.28, then 5.22 today, both on around 1m shares for the push.
Once that million clears the buyer(s) appear to retreat, and 1-2 million come for sale at up to 10c less.
The last few days have seen less selling, is it possible someone like the future fund might be taking a position (TCL has underperformed the market by over 10%). If people were happy at 5.50-5.75 mabye even 6.00 with the ASX200 at 4,500, they should be happy at at least that on a relative basis.
I suggest persons interested watch this one to see if it looks like the sellers have yet dried up, or someone is taking 1+ million shares a day to accumulate a position at a discount.
(I am long the stock waiting for a bid or capital reconstruction to emerge)
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Last
$12.67 |
Change
-0.140(1.09%) |
Mkt cap ! $39.17B |
Open | High | Low | Value | Volume |
$12.66 | $12.71 | $12.57 | $52.10M | 4.117M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | $12.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.67 | 16262 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | 12.660 |
2 | 30000 | 12.650 |
2 | 20256 | 12.630 |
2 | 6500 | 12.620 |
3 | 2285 | 12.610 |
Price($) | Vol. | No. |
---|---|---|
12.680 | 1785 | 2 |
12.700 | 720 | 1 |
12.750 | 2200 | 1 |
12.810 | 1761 | 3 |
12.820 | 23000 | 2 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
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TCL (ASX) Chart |