-
05-05-2016, 02:25 PM
#1441
Originally Posted by black knat
Just been offered shares by my broker - so not a takeover.
If they offer u at $2.55, there's a nice arbitrage to make!
-
05-05-2016, 02:32 PM
#1442
Normally in this situation if not takeover. Price won't up
-
05-05-2016, 02:33 PM
#1443
If they got that much shares dump on market. Price normally goes down
-
05-05-2016, 02:33 PM
#1444
It is a sell down by Sterling Grace Capital Mgmt - they held exactly that number of shares that were crossed. Opens up the register further.
-
05-05-2016, 02:35 PM
#1445
Member
Originally Posted by golden city
on market.
It was an off market transaction
-
05-05-2016, 02:38 PM
#1446
Originally Posted by Jinx
It was an off market transaction
That's how off-market works.
Broker shops the line around and allocates to buyers who are interested, then do crossing.
It then makes sense that the crossing is done at below market but it is surprising that the sp has held up. Normally those who get the shares at $2.55 will go for an arbitrage profit.
Last edited by Balance; 05-05-2016 at 02:46 PM.
-
05-05-2016, 02:44 PM
#1447
Member
Should be a bit of selling pressure in the months ahead then... Ah well, at least it might help pass liquidity thresholds =]
-
05-05-2016, 03:14 PM
#1448
3 |
26 |
2:33:30 pm |
272 |
10,000 |
$27,200 |
Off Market |
4 |
25 |
2:32:17 pm |
272 |
20,000 |
$54,400 |
Off Market |
5 |
24 |
2:14:41 pm |
272 |
10,000 |
$27,200 |
Off Market |
6 |
23 |
2:14:11 pm |
272 |
25,000 |
$68,000 |
Off Market |
Decent amount of off-market trades at 272 post that big transaction. Good sign.
-
05-05-2016, 03:28 PM
#1449
Originally Posted by sb9
What price? if you don't mind...
$2.55..... which I think you will find is that same as the large cross.
-
06-05-2016, 03:00 PM
#1450
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks