That large order was marked as a Cross trade from Overseas ie. XTOS.
An overseas holder/fund obviously needed to sell & someone at this end would have organised a client to buy them at that price. They may have even worked the price down yesterday to 35.5c & then told the distressed client thats the best price they could offer & did the transfer today?
This sort of skullduggery happens all the time - you get yourself into trouble & the big guys will fry you! Thats my take on it anyway.
Possibly CVN shorters may have to think about rebuying back their positions soon though its always just a guess as to how much more drama we can expect to happen in the world markets.
one 4.5mil trade at 35.5, page-2
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $93.07K | 596.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 541153 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 938543 | 10 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |