So CBA have made a big placement at $38 and describes this as "good for shareholders".
In what way, good, Roger ?
Insiders and cronies get to buy large numbers of shares almost 20% below the market price. They can then sell a similar number of existing shareholdings around $42, locking in an instant 10% profit on the trade. While other shareholders take a 10% loss. Thanks Roger !
Other insiders and cronies who are not already shareholders get to buy the new shares at $38 and instantly sell them at $42. An instant 10% return on capital. Not bad for a one-day investments. And other shareholders take a 10% loss. Thanks Roger !
So CBA have made a big placement at $38 and describes this as...
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Last
$180.65 |
Change
-0.150(0.08%) |
Mkt cap ! $302.5B | |||
| Open | High | Low | Value | Volume |
| $180.48 | $180.88 | $180.00 | $308.2M | 1.865M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 62 | $180.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $180.67 | 41 | 3 |
View Market Depth
| Last trade - 10.29am 18/07/2025 (20 minute delay) ? |
| CBA (ASX) Chart |