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 !
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So CBA have made a big placement at $38 and describes this as...
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Last
$135.39 |
Change
1.230(0.92%) |
Mkt cap ! $226.5B |
Open | High | Low | Value | Volume |
$134.50 | $136.11 | $134.32 | $462.5M | 3.416M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1980 | $135.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$135.39 | 2342 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 315 | 135.150 |
3 | 10580 | 135.100 |
1 | 4 | 135.050 |
1 | 100 | 135.010 |
10 | 2263 | 135.000 |
Price($) | Vol. | No. |
---|---|---|
135.390 | 2342 | 1 |
135.410 | 2775 | 1 |
135.440 | 27251 | 1 |
135.450 | 4278 | 1 |
135.470 | 122 | 1 |
Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
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