"Therefore equity financing facilities work somewhat like a margin loan.........just except for one insy winsy detail in that you give up ownership of your shares.......oh yeah and just one other minor detail.....you not only exposed to your own market risk but the market risk of every other client we have since we pool your assets...so if they go belly up we are taking your money to cover our incompetence....but apart from that it's just like a margin loan"
Nice job ASIC on letting this scheme fly.
When I go to sell my car I will describe it as just like a BMW M3...even though it is a Datsun 180B
"Therefore equity financing facilities work somewhat like a...
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Last
$30.38 |
Change
-0.570(1.84%) |
Mkt cap ! $90.51B | |||
| Open | High | Low | Value | Volume |
| $30.70 | $30.74 | $30.19 | $108.7M | 3.573M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 4886 | $30.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $30.38 | 3217 | 20 |
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| Last trade - 15.44pm 04/09/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |