I remember being involved in a previous takeover where Macquarie kept buying shares only to then transfer them to one party in a bidding war. Clear as day. It’s Not technically allowed to purchase shares on market at under a bid price but it was clearly happening. Sometimes when there are related parties it is kept pretty opaque. Similar thing occurred with some Australian takeovers recently where one party buys a chunk (up to the 20% takeover limit )and similarly another party buys a chunk ( to the 20% limit ) and then out of nowhere 1 party agrees to sell there shares to the other party so they have close to 40% without too much trouble it’s a much easier step then to succeed with a takeover from there. They try to mask it but it’s pretty obvious it was a stray all along. Not sure what is happening here but when there is money ito be made there can be some pretty dodgey practices. GLTAHs
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
---|---|---|
16.5¢ | 92780 | 2 |
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No. | Vol. | Price($) |
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7 | 153525 | 0.155 |
1 | 50000 | 0.150 |
4 | 67000 | 0.145 |
2 | 25100 | 0.140 |
1 | 75000 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 43241 | 2 |
0.165 | 92780 | 2 |
0.170 | 60600 | 1 |
0.185 | 43695 | 1 |
0.190 | 7500 | 1 |
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