TLS 0.52% $3.86 telstra group limited

My understanding is it means nothing.State street became a...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 9,746 Posts.
    lightbulb Created with Sketch. 462
    My understanding is it means nothing.
    State street became a substantial holder of 5.02 %.
    When a asx co becomes a substantial holder of 5% plus they must make a asx announcement.
    When state street or one of their subsidiaries sell some shares to reduce that holding below 5% they again must make a asx announcement in this case more than .02 %.
    And why in last announcement it does more state their holding position because its below 5%.
    If state or one of their subsidiaries again buys some tls and its holdings go above 5 % u will get another announcement..
 
watchlist Created with Sketch. Add TLS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.