YAL 0.65% $6.18 yancoal australia limited

Ann: Company presentation, page-116

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
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CFD TRADING PLATFORM CFD Service. Your Capital is at risk
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CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 225 Posts.
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    That retail ownership has increased a lot over the years, but buyback is limited as Yankuang wants the cash and FIRB had concerns that their ownership not increase (not that it stopped them lobbing a lowball bid for Glencore/Cinda in 22).
    Back in 2018, retail owned 10%. Since that time Glencore completely sold out 6.4%, Shandong investments sold their 5.4% and Cinda has sold 3.3% of their stake (just in last year sold about 1.2%).
    I remember buying a small parcel in mid 2019 and it was painfully illiquid, b/s spread of like 10-15c at times and frequently just 1 share would trade to push the price to lower side. It has changed a lot since then, way way better with the increased retail ownership.
    Suspect Cinda will continue drip feeding their shares on market, they've done similar at this time of year last 2 years, and likely need the cash.
 
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Last
$6.18
Change
0.040(0.65%)
Mkt cap ! $8.160B
Open High Low Value Volume
$6.12 $6.22 $6.04 $17.34M 2.821M

Buyers (Bids)

No. Vol. Price($)
1 9138 $6.17
 

Sellers (Offers)

Price($) Vol. No.
$6.18 14997 1
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
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