That retail ownership has increased a lot over the years, but buyback is limited as Yankuang wants the cash and FIRB had concerns that their ownership not increase (not that it stopped them lobbing a lowball bid for Glencore/Cinda in 22).
Back in 2018, retail owned 10%. Since that time Glencore completely sold out 6.4%, Shandong investments sold their 5.4% and Cinda has sold 3.3% of their stake (just in last year sold about 1.2%).
I remember buying a small parcel in mid 2019 and it was painfully illiquid, b/s spread of like 10-15c at times and frequently just 1 share would trade to push the price to lower side. It has changed a lot since then, way way better with the increased retail ownership.
Suspect Cinda will continue drip feeding their shares on market, they've done similar at this time of year last 2 years, and likely need the cash.
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Last
$5.25 |
Change
-0.140(2.60%) |
Mkt cap ! $6.932B |
Open | High | Low | Value | Volume |
$5.39 | $5.42 | $5.17 | $22.95M | 4.374M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8790 | $5.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.26 | 6233 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8790 | 5.250 |
1 | 15480 | 5.240 |
1 | 15031 | 5.230 |
5 | 65167 | 5.220 |
2 | 28969 | 5.210 |
Price($) | Vol. | No. |
---|---|---|
5.260 | 6233 | 2 |
5.270 | 10000 | 2 |
5.290 | 9281 | 3 |
5.300 | 20354 | 2 |
5.310 | 15031 | 1 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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