Why would they do that? What benefit is in it for them? Seriously fundies are less agile than retail traders, officers of these funds and their associates are under so much scrutiny why would they bother to clip a ticket and get caught? Makes no sense. Yes they will try to allocate funds so that they do not disrupt the market (either way) but at the end of the day they can only allocate funds they have. Merchant are not traders.. they take a position based on a medium term view (1-5 years). But if the value is geting ahead of itself they will exit (ie as they have in PNV) and then when it shows value they re-enter. Typically they are not shorting a stock they are long on.
Ann: Ceasing to be a substantial holder, page-12
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Last
$1.49 |
Change
0.020(1.37%) |
Mkt cap ! $258.2M | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.52 | $1.49 | $96.94K | 64.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 312 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 7659 | 3 |
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| Last trade - 12.24pm 04/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |