In terms of "What is anomalous trading?" there appears to be some very regular commentators on this thread with a very naive understanding of who is involved in the market place and how it works.
There is absolutely no basis for Citi, UBS and Deutsche to be implement a algorithmic trading churn programmes unless they have been instructed to do so by a client. I've said the following for some time now but it clearly isn't registering....their HNW private client base are not investing directly and their financial service division's public offer managed funds don't hold CDU.
ZZZZeed over the last 5 years, you have stated you have bought many CDU shares and have also sold many. Well this is all accounted for within the Commsec # or which every retail broker acccount you have chosen to use.
I do doubt however, the point on Commsec, as their capital equity division is not well considered by other instos or corporates. Hence I reckon their churn is about what you'd expect from their massive retail market share.
AKA I agree ASX would have a conflict of interest to investigate and ASIC are still finding their way. Their level of expertise on such matters is unfortunately inadequate and the consultants they hire to do independent reviews are well aligned to large instos and corporates. Even a big 4 accounting firm has a similar reality and wouldn't be inclined to blow the lid as they make most of their money via annual audit fees of ASX companies.
Hold on for the dividends is my current thinking. A premature TO would still be at or around fair value based off current resource, which will be +$5 on any independent valuers model.
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