They still have another 1.5 billion shares -- I am unsure whether they will completely sell out or keep 5% or 2% or 7% or what. Very unsatisfactory - Costello the goose that sold our gold at $250/oz. Future Fund has a $68 billion portfolio where $4 billion is made up of Telstra shares - which is ~6%... if they want to get it down to 5% or $3.2 billion then $800million differential is 300 million shares. Telstra is capable to absorb this in a week.
Therefore they will "probably" be happy with about 2.5% of total Future Fund portfolio which is $1.6 billion.. if so, the clowns still have another 900 million shares to sell.... that's alot of pressure!... But once they're out, good riddance.!
I wonder if they have asked for a book build - and if not, then why not?
turning the corner, page-12
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Last
$3.89 |
Change
0.055(1.44%) |
Mkt cap ! $44.88B | |||
| Open | High | Low | Value | Volume |
| $3.86 | $3.90 | $3.86 | $31.85M | 8.211M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 105 | 470413 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 202754 | 69 |
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| Last trade - 14.28pm 09/10/2024 (20 minute delay) ? |
| TLS (ASX) Chart |