NAB 0.14% $34.64 national australia bank limited

directors selling and capital raisings, page-3

  1. 106 Posts.
    Surely the CEO of NAB has to be seen to be beyond reproach.


    Whilst there is no evidence of 'insider trading' it is not unreasonable to suppose that the CEO of a company is aware of a $2 -> $3 BILLION dollar capital raising that is going to occur at less than the current market price within 7 days of the trade.

    It is not unreasonable to also presume that the price may drop towards the capital raising price

    Surely it gives the appearance of a trade that MIGHT be based on information that is not available to the general market. In which case, should it not:

    a/ Not be appropriate to trade in such a manner so close to a capital raising

    b/ at least be investigated by the market regulator to demonstrate that there was NO inappropriate trading.


    I am not stupid and also have the benefit of a legal degree. There is no evidence of illegal activities, but the trade certainly does give the 'average public' much confidence that they have access to the same information that the institutional market does.



    What do others feel about this??

    J.

    Personally I feel that this was a very disappointing set of events.
 
watchlist Created with Sketch. Add NAB (ASX) to my watchlist
(20min delay)
Last
$34.64
Change
-0.050(0.14%)
Mkt cap ! $107.5B
Open High Low Value Volume
$34.85 $34.92 $34.51 $138.5M 3.996M

Buyers (Bids)

No. Vol. Price($)
2 8000 $34.60
 

Sellers (Offers)

Price($) Vol. No.
$34.70 437 2
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$34.65
  Change
-0.050 ( 0.02 %)
Open High Low Volume
$34.81 $34.91 $34.51 521712
Last updated 15.59pm 29/03/2024 ?
NAB (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.