On the subject of dodgy Mac bank here is an interesting article from today's SMH about a classic "pump and dump" where Macquarie Group faces a major class action over allegations some of its investment advisers artificially inflated the price of a small mining company before a sudden collapse wiped out many of its investors.
The investment bank's brokers are accused of deliberately "ramping" stock in the company by playing a key role in the acquisition of a Brazilian iron-ore mine project with a potential value of $34 billion that turned out to be a worthless patch of jungle. Hot copper even gets a mention. Sound familiar ?
Full story below.
http://www.smh.com.au/business/mark...worthless-brazilian-mine-20170619-gwu2m0.html
Macquarie Upgrades PLS to Outperform, page-21
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.86 |
Change
-0.200(6.54%) |
Mkt cap ! $8.608B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.96 | $2.85 | $61.44M | 21.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 163532 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 44591 | 3 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |