Just on Comsec watching allot of XT cross trades at decent-high volumes. Cross trading is illegal in many countries...
"Typically, this is yet another way for a broker to rip you off. When the trade doesn't get recorded through the exchange, there is a good chance that one client didn't get the best price.
However, cross trades are permitted in very selective situations such as when both the buyer and the seller are clients of the same asset manager.
The portfolio manager can effectively "swap out" a bond or other fixed income product from one client to another and eliminate the spreads on both the bid and ask side of the trade.
The broker and manager must prove a fair market price for the transaction and record the trade as a cross for proper regulatory classification.
The key point is that the asset manager must be able to prove to the SEC that the trade was beneficial to both parties before executing a cross trade."
I think a game is being played here.... Just a guess that accumulating would be a smart play in my opinion.
PS - Everything here is just opinions and quotes - DYOR
PPS - Obviously they know about more announcements anyway this is just speculation by my part. I have never seen this before. The Fundamentals have not magically changed here, great announcement with more between now and January, whatsup indeed!
Kind Regards
ROB Price at posting:
1.8¢ Sentiment: LT Buy Disclosure: Held
