TLS just spiked from 5.10 to 5.15 in 1 hit of approx 1mln shares. Seems a trader might have a fat finger as immediately dropped back to 5.11. Someone not having a good day on the desk
having said that I do like TLS here. With the RBA holding rates and chatter about another possible rate cut in Aus, and possibly only 1 raise in the US, the yield hunters will return.
Hedgies and funds can borrow US$ for around 1% and gain about 8% yield from TLS. Add to that the stock is likely to rise in a low rates environment, and it is a no brainer.
Fat Finger?
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Last
$3.89 |
Change
0.025(0.65%) |
Mkt cap ! $44.83B | |||
| Open | High | Low | Value | Volume |
| $3.88 | $3.89 | $3.86 | $25.21M | 6.500M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 149 | 382277 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 585422 | 98 |
View Market Depth
| Last trade - 14.20pm 14/10/2024 (20 minute delay) ? |
| TLS (ASX) Chart |