some news is due from wmr, page-14

re: good enough finish Sarcophagus - sorry I haven't been watching real-time action and trades on FCN today, but 1-share 'trades' are actually just indicators of crossing trades.

When a broker has customer A who wants to sell, say, 10,000 FCN shares, and customer B who happens to want to buy 10,000 FCN shares, then the broker can do a crossing trade - left-hand to right-hand as it were.

Now, according to ASX rules, they have to indicate that intention to the market by placing a buy or sell bid for 1 share at the price the crossing trade will occur at. If you have access to course-of-sales data, you will usually see the parcels go through, tagged with an X (I think) indicating the crossing trade, and the 1-share bid will then disappear from the market depth.

For an example, see:

http://www.asx.com.au/investor/education/basics/crossings_example1.htm

Hope that makes sense... :)