"I tend to lean towards assuming the more traditional approach,...

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plough

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24/04/24

03:17

Post #: 73486574
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Originally posted by zebster ↑

Yes, it went through as an on-market block trade ~1 hr prior to yesterday's open. Based on usual trading norms* you'd think that since it went through as a single trade then it went to a single buyer. If that assumption holds true, then it would trigger a F603 due sometime this week.

(*Just a bit of a caveat that I don't know the precise mechanics of the Block Trade facility. That is, whether multiple buy-side purchases from different buyers can be bundled together to match the single sell-side block offer. If that's possible and happened, then it's quite foreseeable there might be no inbound F603 (because multiple buyers and no new 5%+ holder). I tend to lean towards assuming the more traditional approach, being one buyer for one seller per on-market trade, regardless of the ASX platform the sale goes through.)

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"I tend to lean towards assuming the more traditional approach, being one buyer for one seller per on-market trade, regardless of the ASX platform the sale goes through.)"

Yes that is how it can be done , also can be done off market ie a director wants to sell his/her shares after resigning , the company contacts a willing buyer and anyone of a number of small brokers in Australia to facilitate the sale with any commission being paid by the director.

SPR Price at posting: 60.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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