This might not be anything folks but since I have researched KKR inside out and top to bottom , despite their numerous deals across equally numerous industries , they are typically a notoriously publicity shy Organisations. And particularly when it has come to their dealings in Australia.
And Organisations like this are also typically creatures of ritualistic habits and extreme loyalties. That's how they get to the places and heights that Investors so revere themselves to.
So this may be nothing or it may be something , but in the Broker Data provided which was so graciously provided by @Mattminton70 , and which spanned from the 15th of February to the 1st of March inclusive , I note a special something that may be of particular interest with these figures.
And that is that apart from Morgan Stanley non wholesale being only slightly net negative to the Sell side volume and trades , Morgan Stanley WM , Morgans , Ord Minett , and as well as Macquarie Insto were ALL net positive to the BUY side with a total volume of 2,135, 215 across a total No. of Buys of 660.
Now these may not mean all that much in what appears mainly a Sea of Red net selling but it could be something more important to those who have a keen eye for details like this.
And the reason is that assuming KKR is the unassuming notoriously ' shy ' Australian Investor , it's important to note then the possibility that they stick with the same Broker networks they have used here on some of the BIG and successful deals they have put together in the past.
For instance with their MYOB takeover , they used Macquarie Capital and Gilbert & Tobin as their advisors and legal counsel on this deal.
After that , and in 2019 when they put together one of their only ever ASX listed
funds Credit Fund raising's, they specifically shopped and compiled their chosen Brokers to that deal which comprised of NAB , Morgans , Morgan Stanley , and Evans Dixson as lead managers while Wilsons , Ord Minett, and Crestone were on board as managers to that offering.
And while they don't appear in the Broker Data , it is probably worth mentioning for future reference now that KKR owns them 100% , is that UBS acted for MYOB.
And interesting with regards to their MYOB acquisition , and many people may not actually be aware - but It wasn't the first time that KKR had taken a close look at MYOB. Because they also had a look at it back when Bain Capital bought into MYOB back in 2011 when KKR narrowly missed out in an auction which even saw KKR founder George Roberts becoming significantly involved in this earlier pitch and play for MYOB.
So I feel there is a real affinity and attachment to MYOB which stems right from the Top of KKR , and which naturally should flow through to FISERV's connections to this new Australian Fintech expertise being developed by Cirralto in order to enhance B2B payments processes.
So something we need to keep an eye on I would think in regards to Institutional ' stealth ' Buying .
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