I still really struggle with the logic of this.
You lend your shares to another company for a piddling fee, they short the crap out of them, and them return them too you when they're worth half the value they were.
Only thing I can think is if you must have a very long term perspective, your convinced they will recover, and see some income as being better than none in the short term.
My simple logic, for what it's worth.
Ann: Becoming a substantial holder, page-9
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Last
45.0¢ |
Change
-0.005(1.10%) |
Mkt cap ! $465.7M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 47.5¢ | 45.0¢ | $2.043M | 4.431M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 529636 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 107453 | 15 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
45.5¢ |
Change
-0.005 ( 0.91 %) |
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| Open | High | Low | Volume | ||
| 46.5¢ | 47.0¢ | 45.0¢ | 1694813 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| SYR (ASX) Chart |