Who is the Joker, page-2

Hi dapper,  and all HCT'ers.

Dapper - part of your post:-

'Who is the Joker that bought or sold 200 shares today for a grand total of $12.00???
Bloody cookoo................

Not so -- well maybe , please read on:-

I am in from the Jungle for a short stay.

This sale may have been done by someone who had a very small holding, from a once bigger holding or a consolidation.. etc etc. and held over many years held over time. Possibly a winding up of a Super Fund etc ... Deceased Estate ????  The latter 'winding something up' or 'Deceased Estate' there  is no choice!  Just SELL

Selling :-
Also what can happen, and does quite regularly, the holder wishing to tidy up his/her (Corporate holders also)  contacts a Charity Share Processing Group (cant think of its name -- held in my files in The Jungle) That Group arranges all paper work and bingo sells. The holder can nominate a Charity or say' whatever Charity the Group nominates. There are many Charities - Guide Dogs - etc etc etc

Now there is/are Brokers who do this service for $0 - ziltch- nil.

And for further information:- (where ever a sale there is a buyer)

Buying:-
Could have been part of an order for a much larger quantity. If the prices on both sides Bid -Ask  come together 'bingo' a buy/sell transaction is done..... The buyer may still be sitting there waiting for the order to be filled or the  200 could have been the balance of his/her order.

Also the ASX will process 1 share --- its the Share Registry that may reject the registration  if the Buy order is less that $500 (not 1 cent less) ... However if you as a buyer want to buy say $200 worth of shares  or just 5 shares to add to a current holding then that's OK.

In most cases the screening of small orders will/should be covered by your Broker

A  Simple process.   Strange how some things look quite 'crazy' when seen from one side. However when 2 sides of a story come together then 'all's clearer'

Just imagine 'dapper' if you had not made your comments known you and possibly many other s/holders/HC posters may have continued to think.. 'What a donky' Not so.

Hope this helps all.

Keep safe all HCT'ers
The Phantom GWW