From one article I saw:
"ANZ and Merrill may be able to recoup the funds they have advanced (ANZ is believed to be into Opes for $650 million, and Merrill for about $350 million) by selling shares in the portfolio, but it is unclear at this stage whether a sell-down will generate anything on top of that for leveraged Opes clients.
The firm was an active trader in some of the high-profile casualties of the market slump, including ABC Learning, Challenger, Allco and Centro, and about half the $1 billion-plus portfolio consists of small capitalisation shares that trade thinly, and will dive if there is selling pressure - as there appeared to be yesterday in several small-cap stocks."
From one article I saw:"ANZ and Merrill may be able to recoup...
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Last
$7.37 |
Change
-0.020(0.27%) |
Mkt cap ! $5.093B | |||
| Open | High | Low | Value | Volume |
| $7.37 | $7.42 | $7.33 | $3.123M | 423.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 26459 | $7.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.38 | 1695 | 3 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| CGF (ASX) Chart |