I have been observing Transurban for 2-3 months through the machinations of th on/off Canadian offer (or not).
It is quite interesting to see the trading range 5.00-5.15 over the last 4 weeks (with a couple of exceptions) then this week a couple of pumps to 5.28, then 5.22 today, both on around 1m shares for the push.
Once that million clears the buyer(s) appear to retreat, and 1-2 million come for sale at up to 10c less.
The last few days have seen less selling, is it possible someone like the future fund might be taking a position (TCL has underperformed the market by over 10%). If people were happy at 5.50-5.75 mabye even 6.00 with the ASX200 at 4,500, they should be happy at at least that on a relative basis.
I suggest persons interested watch this one to see if it looks like the sellers have yet dried up, or someone is taking 1+ million shares a day to accumulate a position at a discount.
(I am long the stock waiting for a bid or capital reconstruction to emerge)
I have been observing Transurban for 2-3 months through the...
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Last
$12.55 |
Change
-0.040(0.32%) |
Mkt cap ! $38.80B | |||
| Open | High | Low | Value | Volume |
| $12.58 | $12.61 | $12.41 | $179.6M | 14.30M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34918 | $12.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.56 | 30224 | 5 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| TCL (ASX) Chart |