Comment by
MartinStock on May 05, 2021 5:44am
$608M US dollar, in Canadian money 740M....
Comment by
Shamhorish on May 05, 2021 7:10am
YES, SOLD FOR 44 EURO /SH. WHILE TODAY AVERAGE ALSTOM SH PRICE IS BETWEEN 45.25 - 46.48 EURO??? AND BBD SOLD FOR 44 ?? is it because it is to offload the whole thing , so it is bought by a brockerage ..to be resold at a profit
Comment by
Lukegermany on May 05, 2021 7:57am
it is impossible to sell 11.5 million shares at market conditions with alstom...they wouldn´t get an average of 44 eur when they sell it at the market! 44 is in my opinion a very good price!
Comment by
Micmar on May 05, 2021 8:22am
We made money, remember some people here were complaining we are losing money blablabla.. We made money! for sure it’s very difficult to sell fast a lot of 11.5 million shares at market and we need the money to pay debt now! Tomorrow will be informative... GLTALONGS!
Comment by
Shamhorish on May 05, 2021 8:41am
exactly, that is what i thought, for such large volume (111milion) , it must have been bought by broker to resell later, so broker must be able to make a profit and will not pay market price
Comment by
stockitnow on May 05, 2021 9:23am
Yes, and money in the bank. This takes away another uncertain of having money tied away at another company and have no control over it. Sure Alstom sp will go up and down, but for bombardier they are not in business of trading stocks daily to get the highest price. This is good move. Hopefully they will have some news on the $400 million that Alstom kept.