Close, but not quite.
Who's shares are they buying? They are buying from the holders who've decided that the deal is done and want to put their money elsewhere - i.e. more likely YES voters. Staunch NO voters are not going to sell for obvious reasons - they are holding out hope for a higher TO price, or better yet, that it doesn't go ahead.
So if ALB were buying shares to try to increase the likelihood of it passing, it would be a dumb move as:
a) They aren't buying the shares of people who would be voting no; and
b) They would be pushing up the price, increasing the likelihood of the vote passing
So the question again is: WHO IS BUYING AT $3? This is the billion dollar question.
Close, but not quite.Who's shares are they buying? They are...
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Last
79.0¢ |
Change
0.010(1.28%) |
Mkt cap ! $1.915B | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 82.0¢ | 78.5¢ | $11.44M | 14.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 342418 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 102506 | 9 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |