I've posted on this before. TOP have a significant number of MSB shares and they cited commercial in confidence as the right of refusal to answer the question about whether they were lending them for shorting.
Technically it's neutral but to me it's got the ring of hiding.
As the performance of TOP is pretty suspect, it looks to me like MSB is vulnerable because of TOP's mismanagement. They get a guaranteed return of around 17% easy money for them.
I am saying large instos have zero long term conviction, so why give them any shares at all?
Not so. Because one is lending the shares out, that doesn't mean all are.
Further when serious money needs to be raised, going the retail shareholder route has risks.
One: the length of time to satisfy the regulatory requirements in product disclosure documents and similar
Two: that the CR may fall short.
I think your focus is wrong.
The practice of shorting itself needs revision by the regulators. That should be your focus.
I've posted on this before. TOP have a significant number of MSB...
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Last
$1.13 |
Change
0.035(3.21%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.13 | $1.07 | $3.910M | 3.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27197 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 43578 | 3 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MSB (ASX) Chart |