You may well be right woteva - but Mac Bank has the volume and overhang to determine the SP at the moment. If an insto were serious about getting a chunk then I'd imagine they'd be talking to Mac directly, knowing that they were willing to sell, rather than buying comparatively small parcels on market.
I reckon it's more likely Mac is adopting a 'let the winners run' strategy, but that's by no means an insider or informed opinion. Just a hunch. The question to ask is - if you had 80 mil shares or so, a shaky balance sheet, and were needing to maximise your profits on selling into the market, what would you be doing?
Any large crosstrades will be interesting.
You may well be right woteva - but Mac Bank has the volume and...
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $163.5M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.8¢ | $687.8K | 3.425M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 278140 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 744228 | 13 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SBM (ASX) Chart |