HST 0.00% 16.0¢ hastie group limited

what is board and management doing?, page-124

  1. 285 Posts.
    So Long, re your comment:
    'i thought it was traders trying to prop up a dead horse'.

    I think there is an element of using v low volume at min cost to set a sp which then features as the 'last trade' and is published in the press and overseas.

    Many investors will not realise that the so-called last trade was for a value less that they would pay in brokersge. In some cases, that sp could then be used for in-house crossings.

    It's clearly an issue which ASIC should address: ie that transactions below x value should not be reported as 'trades' if they are at sp which differs from previous sp for volume. ASX could never deal with the problem because ASX was and is controlled by the brokers!
 
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