Why would a fund pay full price for something that they could just buy on market? It's a discount to make it attractive to them, similar to when companies do a SPP. They offer a discount to entice. Paladin the other day sold their holding in Lotus for a 10% discount to a fund. Why didn't they try sell on market? They knew they would drive the price down further.
If they exercised the options and then try sell a 6% position on market they are going to drive the price down and realise smaller gains.
If they were concerned about fees (which is doubtful) selling an option with a $6 intrinsic value is cheaper than selling on the market at $9 for example.
The point I'm trying to get across is that if they didn't want the position, they would have already sold it.
- Forums
- ASX - By Stock
- PBH
- Ann: Becoming a substantial holder
Ann: Becoming a substantial holder, page-26
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PBH (ASX) to my watchlist
|
|||||
Last
50.0¢ |
Change
-0.045(8.26%) |
Mkt cap ! $165.6M |
Open | High | Low | Value | Volume |
54.0¢ | 54.0¢ | 49.5¢ | $1.467M | 2.841M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 194050 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 18256 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 194050 | 0.500 |
7 | 79872 | 0.495 |
8 | 44728 | 0.490 |
3 | 18258 | 0.485 |
6 | 38684 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 18256 | 1 |
0.515 | 18256 | 1 |
0.535 | 24009 | 2 |
0.540 | 23513 | 1 |
0.545 | 6188 | 1 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
Featured News
PBH (ASX) Chart |