Custodians do it. Which is ironic because the definition of a custodian is: "a person who has responsibility for taking care of or protecting something". Any holder with "nominees" in the name is a 'custodian'. And guess what, the Top 5 are all custodians:
From the Top 20 in the last annual report:
1 J P MORGAN NOMINEES AUSTRALIA LIMITED 38,567,379 18.411%
2 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 37,248,556 17.781%
3 NATIONAL NOMINEES LIMITED 15,101,562 7.209%
4 CITICORP NOMINEES PTY LIMITED 13,568,289 6.477%
5 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED - A/C 2 9,816,131 4.686%
They would be your cuplrits, in my humble opinion. I used to work for the one of the custodians listed above (in IT, never on the business side). They get paid a fee to loan out stock for corporate activities, one of which is shorting. I've always thought there was a possible conflict of interest there. On the one hand they hold stock for shareholders trying to maximise value, on the other they loan it out for shorting.
- Forums
- ASX - By Stock
- AKE
- Citi upgrade
Citi upgrade, page-24
-
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
New gold and silver soil anomalies uncovered at Black Range, strengthening exploration potential
NEWS
Exploration drilling kicks off at Truncheon & Highway East, targeting copper-gold near historic mine
Add AKE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, MD & CEO
James Graham
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online