My assumption:
Nobody will offload that stake for no premium right now.
So it was swapping between hands. A bank/fund etc sending them to a different subsidiary, who is better positioned to benefit from a takeover. Eg. if one is better set up to realise a capital gain, or hold stock in the potential acquiring companies.
So just a big holder getting better prepared, since they see a takeover as possible/likely.
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Last
85.0¢ |
Change
0.005(0.59%) |
Mkt cap ! $1.254B | |||
| Open | High | Low | Value | Volume |
| 84.5¢ | 86.0¢ | 83.5¢ | $6.758M | 7.935M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 123669 | 84.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 5000 | 1 |
View Market Depth
| Last trade - 16.21pm 30/07/2025 (20 minute delay) ? |
| BGL (ASX) Chart |