Hi Lancermo, I'm also having trouble understanding this announcement, but what I think it says is that Mitsubishi UfJ has bought about 9,7 million shares in Wbt. Of these about one million shares are borrowed shares owned by Citicorp. 8.7 million shares is a massive investment, over 40 million dollars. I doubt they want to see their massive investment go down in value. Why would they sell these borrowed shares and reduce the value of their 8.7 million shares ? I doesn't make sense. It makes more sense for them to simply return these borrowed shares to their owner, Citicorp, and do whatever possible to increase the value of their 8.7 million shares, which means buying more to support the price.
Hi Lancermo, I'm also having trouble understanding this...
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Last
$3.16 |
Change
0.220(7.48%) |
Mkt cap ! $596.0M | |||
| Open | High | Low | Value | Volume |
| $2.96 | $3.16 | $2.96 | $1.975M | 647.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3896 | $3.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.16 | 2763 | 1 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
$3.12 |
Change
0.220 ( 5.85 %) |
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| Open | High | Low | Volume | ||
| $2.98 | $3.14 | $2.97 | 91775 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| WBT (ASX) Chart |