By far the greatest number of trades these days are just that. Arbitraging, renting and shorting, HFT, end of quarter window 'washing'. It's all just mathematical trading from the big end of town with no regard to stock fundamentals. Actual stock picking to buy and hold is out of fashion. The ASX 200 Index [not the accumulation index] is still around the same value as it was at its peak in 2007, and it has never gone substantially higher after 15 years. Probably tells us something.
New money put into ESS instead of DVP at the moment and then converted is probably a reasonable strategy for a few percent edge. There is no immediate CGT liability if the new DVP shares are held subsequently. Seems innocuous in the bigger scheme of things here in the casino.
Ann: ESS: Scheme of Arrangement Update, page-33
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Last
$2.37 |
Change
-0.020(0.84%) |
Mkt cap ! $642.8M | |||
| Open | High | Low | Value | Volume |
| $2.38 | $2.43 | $2.30 | $1.736M | 730.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3400 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 3400 | 1 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| DVP (ASX) Chart |