buyback, page-11

Hi praia,

I noticed that also.

I use Commsec and the trade appeard on their site as "XT" which is a cross trade. The Commsec definition of an XT trade is -

"A cross trade occurs when a broker executes an order to buy and sell the same security at the same time, in which both the buyer and seller are clients of the broker."

Therefore, in this case, the seller was obviously a client of Foster's. They simply faciltated the trade and that is why it did not appear as a buy/sell order.

The two orders of 25k either side of the 500k were also shown as XT trades.

As for Foster's selling their own shares, i would think they would be holding them with the view to selling them after the buy back is finished, on the hope that the price is above the $1.60. I'm sure they will be seeking an insto buyer who will gobble them all up...

Wonder who the 500k seller was????

Cheers,
Mac


Please dyor.