The broker data from yesterday confirms that UBS were responsible for over 50% ($18.6m) of the dollar volume of shares traded. Deutsche Bank came a distant second with about $4.8m. We will not know until Friday whether either were net sellers or buyers.
Given the huge crossing have continued today, I would say someone is accumulating a stake in GPT at these depressed prices. As I said yesterday, with the large number of securities on issue, it might take some time before we see a new sub holder notice (5% of shares on issue) or an increase in an existing one (+1% of shares on issue).
This doesn't necessarily mean someone is going to go after the whole company, but it seems to indicate someone is heavily buying in a falling market.
oversold??, page-9
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Last
$3.97 |
Change
-0.010(0.25%) |
Mkt cap ! $7.604B | |||
| Open | High | Low | Value | Volume |
| $4.01 | $4.02 | $3.95 | $27.78M | 6.986M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2764 | $3.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.98 | 5106 | 1 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| GPT (ASX) Chart |