RE: All out again1 Dec 2023 13:22
II's will partake at 3p if they are looking to go in at size. Us retail folk dont often need to worry about that, so we can sometimes 'benefit' from the lower pricing offered at market. But if you want a sizable position, as most II's do, your only route is via a placing.
Let's be honest, they wouldn't have run this at 3p if they didn't think they'd be demand, lol. It wont have been a finger in the air job.