Just as a matter of interest using the figures supplied by dpbear my calculated average buy price by VanEck appears to have varied between $13.77 AUD down to $11.31 AUD over the past week or so. Totally consistent with the SP over that period and their initial buying days certainly have pushed the price along. Van Eck has been responsible for about 30% of the total volume over this period and even although we may see some funds needing to take a position in the ASX300 I doubt it will be to the $35 million AUD that Van Eck has laid out. I have calculated that Vanguard might need to purchase around $1 million AUD of ASM if included in the ASX300.
If Van Eck are to track the index come hell or high water we could be in for an interesting ride. They have the potential to amplify both good news and bad news with buying and selling to keep tracking the index weighting.
Just a general calculation below so ballpark figures only.
Just as a matter of interest using the figures supplied by...
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Last
52.5¢ |
Change
-0.025(4.55%) |
Mkt cap ! $95.09M | |||
| Open | High | Low | Value | Volume |
| 54.5¢ | 56.0¢ | 52.5¢ | $141.8K | 260.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10964 | 52.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.5¢ | 675 | 1 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| ASM (ASX) Chart |