SSB upgraded to MRL "buy" 2 mths ago when it was trading at $2.57 - so much for that upgrade!
For the past 6 weeks or so some insto has been offloading a heap without consideration as to what they are doing to the price - and the value of their remaining holding.
ING came out a week ago and said they had reduced their holding (from 19.8mio to 18mio shares).
Don't know if it is still ING offloading, or CBA who also holds a bucketload of MRL.
Bottom line is the insto concerned is still selling - typically letting the bid side build and then dumping 15,000 or so. Going into the closing auction they will typically post an offer of 60-80,000 shares at the last pre 4.00pm sale. After the auction the offer is removed and carried into the market enxt day.
Whenever the insto finishes MRL may well be a good buy, meantime I would stand aside.
SSB upgraded to MRL "buy" 2 mths ago when it was trading at...
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Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $98.77M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 23.5¢ | $53.76K | 217.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 77016 | 2 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| MRL (ASX) Chart |