BLT 0.00% 2.6¢ benitec biopharma limited

To help with the conspiracy theories etc with the one share.The...

  1. 2,889 Posts.
    To help with the conspiracy theories etc with the one share.
    The order of 80,000 at 1.7 was mine. They were part of a parcel that i got at 1.4 and so there was $240 profit in that transaction.
    I needed some cash and had that order sitting there for a little while. I was less than happy when someone took one share! I must admit I did consider selling the rest at 1.6, as it would have still given me a profit but decided against it. Fortunately, the rest sold this morning at 1.7
    I didn't get charged anything for the one share, not even the cost of the share and no brokerage at all. I was surprised! I got a trade confirmation and contract note but the cost was Zero. Today I got a contract note for the remainder and only the normal brokerage.
    How the person was able to buy the single share baffles me as it is a nothing order but moves the shareprice by a significant amount. The only thing I can think of is that the order was placed by a market maker trying to test demand.
    Anyway, I hope that helps put some minds at ease. cheers
 
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