SEQ sequoia financial group ltd

Ann: Change in substantial holding, page-6

  1. 7,692 Posts.
    lightbulb Created with Sketch. 257
    Why would an SFG vendor sell on market at 0.003?
    There has been ingenious financial tricks involved in engineering this transaction.
    # 1st: SFG acquired 80m shares in MWS at prices between 0.007 & o.011 (mostly at 0.01) at a cost of around $800,000.....The SP was hovering around 0.007 because of SFG buying support.
    # Then came the hugely discounted rights issue at 0.002!!!....Almost unheard of....From 0.007 to 0.002.....SFG acquired a further 100m shares in this exercise ( rights + shortfall)
    # The last trick was the issue of a couple of billion to SFG at a "deemed" acquisition price of 0.007.
    In other words SFG is sitting on a massive "nominal" CGT Loss.....The 1st 80m shares is genuine CGT loss & the rights issue is a comparatively small CGT gain.....All up, the vendors of SFG are sitting on roughly $10m CGT Loss (mostly "nominal" or engineered)
    I take this sale by Giddyup as "nominal"....it means very little if we look at the full financial engineering effort.....The market didn't blink or panic after the announcement.
    Not putting a gloss on the matter...Just trying to understand it.
    I have opined before that trading in MWS has been & will always be difficult to read....Trading a trader....A tough task.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
35.5¢
Change
0.005(1.43%)
Mkt cap ! $43.87M
Open High Low Value Volume
35.5¢ 35.5¢ 35.0¢ $37.20K 105.8K

Buyers (Bids)

No. Vol. Price($)
3 56039 35.0¢
 

Sellers (Offers)

Price($) Vol. No.
35.5¢ 19052 2
View Market Depth
Last trade - 15.00pm 27/06/2025 (20 minute delay) ?
SEQ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.