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
22.0¢ |
Change
0.010(4.76%) |
Mkt cap ! $179.9M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 21.0¢ | $618.2K | 2.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 526254 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 966117 | 35 |
View Market Depth
| Last trade - 15.51pm 08/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |