All it means is the broker is covering an error position ie they sold 1 too many shares at some other point so have to buy 1 back. They put it way above the price because a parcel so small wont impact the closing price and it ensures they get the share(s). Yes they could put it in at 55c or 60c and they would definitely get it but some people get enjoyment out of making a market look strange. Plus it sends everyone into a minor frenzy asking questions such as the one posted by digya1, or thinking that brokers or the ASX are somehow manipulating the market. Well they aint.
IDL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
