The latest ASX announcement by UBS on its dealing in AAC.AX (AAco) shares provides a further insight into foreign bankers dealing in Australian Listed stocks.
The appendix to this 27 March 2015 announcement shows thousands of trades. It starts with page after page of "sell" trades , many I read were 50 share lots. After all this selling , then comes the buying. Then comes the selling again.
My estimate that during the period 19 Feb 2015 and 25 March 2015 there were about 3000 trades in AAC stock. The UBS client is said to be Regal Funds Management "Regal". Regal say on their website that they are a "long/short equity manager". Regal and or UBS must have a computer program that allows for this type of raid.
Also perhaps look at Mondadelphous (MND.AX) . The 27 March 2015 announcement by Blackrock shows their buying on behalf of offshore bankers like State Street Bank. What is amazing is that Blackrock went past 20% " in error" with no slap on the hand by either ASX or ASIC. During about a 16 day trading period MND stock went from $8.50 to over $13 then dropped back to $10. Despite a query from the ASX, " I know nothing" is the catch cry.
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Last
$2.16 |
Change
0.000(0.00%) |
Mkt cap ! $1.730B |
Open | High | Low | Value | Volume |
$2.19 | $2.19 | $2.14 | $10.37M | 4.792M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 19105 | $2.14 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.17 | 59156 | 2 |
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No. | Vol. | Price($) |
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6 | 19105 | 2.140 |
2 | 10256 | 2.130 |
1 | 9156 | 2.120 |
2 | 9616 | 2.110 |
7 | 108915 | 2.100 |
Price($) | Vol. | No. |
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2.170 | 59156 | 2 |
2.180 | 27656 | 3 |
2.190 | 49676 | 8 |
2.200 | 166436 | 16 |
2.210 | 33717 | 7 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
$2.15 |
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 29/03/2024 ? |
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