Dont really understand what is going on with this stock. Seems to have good performances across its business.
As for who owns it, from what i can find:
Deutsche Bank about 10%
Mac Bank nearing 20%
both of whom have been increasing their holding the last 2 months.
Credit Swiss now about 8%
they have been seelling down a bit from about 10%
IOOF 8%
and challenger financial 5%.
So by looking at that id say most are long term holders, a lot in super funds due to the very good dividends paid.
This could mean that the SP of the stock can move quite a bit beacsue its a low volume stock, meaning few traders. So if a few traders get scared then for sure can drop quickly.
Will be interesting over the next few weeks to see what happens next. last time it touched a low of 2.08 it bounced up to 2.5ish
I hold for the long term but am getting frustrated with SP.
Any thoughts???
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