Love the line that it was designed not to disadvantage the small shareholders..
How can anyone fall for that ! Who in their right mind would tender a smallholding like that and hope to make 1c . Guaranteed loss esp at 6% discount.
Big end saw the dynamics at play , shorters and others drove down the price knowing it was short term.
This scheme was better understood by them than even WBC.
Price will now recover as it was artificially held down by anyone who could buy more at a lower price and score.
They , WBC ,should be obliged to give the breakdown of participants by categories and then we will see how much they really cared for the small shareholders.
I just can not fathom how any small shareholder made money on this unless they were able to buy back in at lower prices.
Ann: Westpac announces $3.5 billion off-market share buy-back, page-915
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$31.80 |
Change
-0.540(1.67%) |
Mkt cap ! $109.5B | |||
| Open | High | Low | Value | Volume |
| $32.00 | $32.00 | $31.65 | $239.6M | 7.523M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120044 | $31.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.86 | 15000 | 1 |
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| WBC (ASX) Chart |