As posted on a different thread:It appears from the announcement that JP Morgan Chase & co are buying at a high price, and selling the shares at a lower price. - thus pushing the SP down, and trading at a loss.
Why would they do that?Is the acquisition of SBM in the offing?
At an offer price of around $3.00; instead of $4.00 (or > $4.00); the acquirer would save themselves $1 billion if this is the case.
Ann: Becoming a substantial holder, page-7
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $163.5M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.8¢ | $584.5K | 2.910M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 456314 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 794117 | 57 |
View Market Depth
| Last trade - 15.36pm 28/06/2024 (20 minute delay) ? |
| SBM (ASX) Chart |