Originally Posted by
Snoopy
I agree Bricks in principle. But where do you get your 'shares traded' numbers from? I saw the 9.269m shares from AMP go through the market on Thursday as an 'off market' trade plus IIRC a few hundred thousand more (?). Then around 700,000 shares went through the market on Friday. That is around 10m shares traded - significant, very significant - but way short of the 19m shares you are claiming was traded. The difference is of course that 19m shares basically means a takeover offer is required, probably next week, under the NZ takeovers code (if all those shares went to one buyer). Whereas buying 10m shares does not trigger such an offer. Are you sure that your figures are right?
SNOOPY