Toly - as I posted above, the HAVE to declare all their transactions. Under the ASX rules, anyone holding over 5% of a company is deemed to be a substantial holder, and any CHANGES to substantial holdings must be declared to the market.
As I pointed out above, there would be several others who hold just under the 5% mark who could be doing the same type of trading in and out and shorting. But they don't have to declare their trades, as they are not changes to substantial holdings. Those are the ones we would never hear about.
It is purely the fact that they have such a large holding that makes MS fall under that rule of disclosure.
But on the other hand, the fact that even after all that trading in and out, they STILL hold over 5% and remain a substantial holder, is somewhat reassuring.
Ann: Change in substantial holding , page-16
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