I don't think it to be overly relevant of the perceived performance of the business. Well at least not based on some 'inside edge' that Vitol may be thought to have.
Rather, I would see it as a strategic decision for Vitol and their own preferences for minority stakes.
The downside for VEA is that the structure of their register has been a bit blown apart and will take a bit of time to settle as those ~240m shares find a new natural home. We are seeing the outworking of this at the moment, with elevated volume and the price gyrating around the $2.87 block level.
Ann: VIP agrees to sell approximately 16% of VEA, page-16
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Last
$2.63 |
Change
-0.035(1.32%) |
Mkt cap ! $4.178B | |||
| Open | High | Low | Value | Volume |
| $2.66 | $2.66 | $2.62 | $10.21M | 3.893M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 84870 | $2.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.63 | 39897 | 56 |
View Market Depth
| Last trade - 15.12pm 04/11/2024 (20 minute delay) ? |
| VEA (ASX) Chart |