Australia's largest stock trading and investment forum Australia's #1 stock forum

XAO

Click for more information

0.56%

8,612.6 all ordinaries

That is an affirmative @ammie. An all Australian weekend thread...

First 113 Last

Share
Profile

Follow
Diver Dan

653 Posts.

530

25/01/19

11:05

Post #: 37222303
Share

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.

Expand

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
3 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 15 more messages in this thread...

First 113 Last

Add XAO (ASX) to my watchlist

(20min delay)
Last 8,612.6		Change -48.600(0.56%)		Mkt cap ! n/a

Open	High	Low
8,661.2	8,682.0	8,606.8

XAO (ASX) Chart