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Diver Dan

653 Posts.

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25/01/19

11:05

Post #: 37222303
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Originally posted by ammie ↑

Diver Dan, just a reminder (in case you need one!), it's our Australia Day long weekend this weekend. The ASX is closed on Monday. And of course, we'd love our music theme to be anything Australian when you open the thread.

Originally posted by Bugsam
I'm left scratching my head, it's the oddest I've seen too... I keep thinking I must be totally misunderstanding it. If I understand it correctly, seems like they are also effectively incentivizing people to sell some of their shares now and buy back if they believe the VWAP will not be 20% higher than the SP is when they sell. And yeah it would seem to also give incentive to the broker to manipulate the SP down as well. Add this to the list of things that happen on the ASX that make you shake your head at in disbelief.
I've been thinking about it and the only 2 possible reasons that I can think of are 1) they are truly desperate or 2) it's a strategic move. Something we will possibly not know until we are looking at it in hindsight.

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That is an affirmative @ammie. An all Australian weekend thread it is. I am sure that you all have some great songs and discussions lined up. Setting my alarm now and thank you for the reminder and for the post you made about how to do the XAO thing… much appreciated

XAO Value at posting: 5,947.6
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