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.
I don't think it to be overly relevant of the perceived...
Add VEA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.39 |
Change
0.040(1.19%) |
Mkt cap ! $5.406B | |||
| Open | High | Low | Value | Volume |
| $3.36 | $3.42 | $3.33 | $9.534M | 2.811M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 35588 | $3.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.41 | 25101 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$3.41 |
Change
0.040 ( 1.74 %) |
||||
| Open | High | Low | Volume | ||
| $3.34 | $3.42 | $3.34 | 840654 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| VEA (ASX) Chart |