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.
As posted on a different thread:It appears from the announcement...
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $188.2M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.0¢ | 23.0¢ | $474.8K | 2.022M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 853701 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 105454 | 4 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| SBM (ASX) Chart |