RAT 0.00% 0.9¢ rubicon america trust

Was the market aware that Allco's holdings in the Rubicon trusts...

  1. 1,549 Posts.
    lightbulb Created with Sketch. 8
    Was the market aware that Allco's holdings in the Rubicon trusts of around 10% each are financed by a margin loan?

    Checkout the announcement today where they sold a line in RJT as there was a big buyer around, to restore the margin facility back into line.

    To me that shows a big reason of selling in the three has been short sellers trying to trigger forced selling in this facility. If the market wasn't aware of this, shouldn't the 3 rally today like afg had that big jump from $2 to $3 when it was discovered a lot of share price weakness was related to margin loan facilities?

    Basically the selling has not been on fundamental reasons.
 
watchlist Created with Sketch. Add RAT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.