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clock Created with Sketch. 14/01/22
22:15
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Originally posted by tinhat
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Those two sales totaling 12m shares were "crossing" trades. They were traded today and were reported by the broker after market close. Essentially they are both an off-market transfer at the market price ($1.50) allowable under the ASX trading rules. Often brokers will organise big trades to occur off market at the closing price if they have a buyer or a seller that is looking to transact a large volume of shares and if the broker has enough sellers to match the buyer or buyers to match the seller, depending on the circumstances. Sometimes these shares are just being shuffled around between large shareholders under the same nominee account.
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I only jumped on recently and had only held for a week or two before selling yesterday.
(20min delay)