I already said JP Morgan would be holding the shares with someone else having the beneficiary interest. It's a custodian model as opposed to CHESS sponsored.
JP Morgan were not on our Top 20. Someone kept their shares in a JP Morgan account (in JP Morgan's name) and have moved them elsewhere (could be between JP accounts or to another broker). This was an internal accounting thing, not a sale/purchase.
The advantage of not keeping them in your name is JP Morgan can then loan the shares out to short sellers or loan the 'real owners' cash with the shares held as collateral and there are other nifty tricks that retail plebs cannot do.
I already said JP Morgan would be holding the shares with...
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $129.4M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 21.3¢ | $602.2K | 2.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 272493 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 35712 | 3 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| EIQ (ASX) Chart |