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(0.58%) |
Mkt cap ! $1.254B | |||
| Open | High | Low | Value | Volume |
| 89.5¢ | 90.5¢ | 85.0¢ | $20.42M | 23.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 60 | 603756 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.5¢ | 133000 | 4 |
View Market Depth
| Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
| BGL (ASX) Chart |