"Ord Minnett acted as a broker to the CCU placement in April 2011 and to the subsequent entitlement issue in May 2011. Ord Minnett acted as underwriter to these issues and received fees for acting in these capacities. Ord Minnett also received a distribution fee for the placement in April 2011. Ord Minnett acted as a broker in October 2011 and Lead Manager in September 2012 for CCU placements. Ord Minnett has received fees for acting in this capacity."
They're hardly going to advise people to sell. CCU investors have been a nice cash cow for Ord Minnett.
CCU Price at posting:
42.7¢ Sentiment: Hold Disclosure: Not Held
