It might not mean much if it is just Macquarie selling to some other bank who want to get their clients into WAF. Given how illiquid WAF is I don’t think anyone buying it is doing it on a hope of trading out of it for a few percent. $16M is pretty decent money.
Block trades are frequently used by institional investors or by companies to acquire a stake. Goldfields for example has done many block trades in the last year in CDV because buying on market is difficult without boosting the share price. This would appear a pretty good time for interested parties in an eventual full takeover to get set and perhaps build a blocking stake (would need over 10%).
Ann: Ceasing to be a substantial holder, page-8
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 (20min delay)
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Last
$1.46 |
Change
-0.060(3.96%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.52 | $1.45 | $3.995M | 2.715M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 54405 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 26146 | 2 |
View Market Depth
| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| WAF (ASX) Chart |
