They are free carry for me, traded since 2017 plus a good profit !!
Hope springs eternal.
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Over 20 million shares set to trade end of day today, wonder what's going on?
Saw posted on hotcopper today is a triple witching day, may be related. Don't know if relevant to NZ at all though, appears to be a US thing
What Is Triple Witching?
Triple witching is the simultaneous expiration of stock options, stock index futures, and stock index options contracts all on the same trading day. This happens four times a year: on the third Friday of March, June, September, and December. A common expiration date for the three types of equities derivatives can cause increased trading volume and unusual price action in the underlying assets.
Why is there an announcement ( not price sensitive ) in Aust and not here in N Z , looks like the major holders are buying, Masfen & others ?
Was posted on the NSX just now. Anatole Masfen just stumped up over $1M for 8M shares http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/PEB/418488/403280.pdf
This was posted at 2.29pm on NZX, 2.36pm on ASX