I can't see Regal selling down their position. If there were a capital raising (CR) on the horizon, it might provide an opportunity for them to reaccumulate shares. However, considering we just had a CR, why would Regal sell down now? The claim that they are shorting doesn’t quite work that way. They wouldn't lend out a portion of their stock only to offload the rest of their holdings without a volume event like a CR to reaccumulate on. If they tried to buy back 6 million shares, what would happen to the stock price?They sold down during the MSCI index rebalancing and then bought 957,333 shares during Mets and MRE at prices between $15 and $21. They also participated in the $17 raise with another 911,952 shares, bringing their total to 1.86 million shares bought at an average price of around $17.50. What benefit would they get from shorting shares to $10 when their average buy price for 1.86 million shares was around $17.50? You’re quick to blame Regal, but it was retail investors via CommSec selling during Mets and MRE, which allowed Regal to scoop up those shares.
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Last
$14.50 |
Change
-0.470(3.14%) |
Mkt cap ! $940.5M |
Open | High | Low | Value | Volume |
$14.77 | $15.00 | $14.32 | $2.470M | 170.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 533 | $14.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.52 | 1748 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 14.390 |
1 | 1000 | 14.360 |
1 | 500 | 14.350 |
2 | 182 | 14.320 |
2 | 1353 | 14.300 |
Price($) | Vol. | No. |
---|---|---|
14.520 | 1000 | 1 |
14.700 | 5000 | 1 |
14.930 | 500 | 1 |
15.000 | 50 | 1 |
15.200 | 2000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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