As previously posted, I do not hold BOW as I haven't got enough money to go around a small "portfolio"( if you can call speccies a portfolio") but, I think BOW is the "next big thing" in CSG and I keep an eye on it as it seems to be the only one doing anything!! But, I had a good look at the Substantial Shareholder list just released by USB and to a real amateur, it is mind boggling how they operate with those hundreds of transactions, both buy and sell on the samee day, for piddling numbers like 5 and 7 shares etc. But, one thing I noticed, which, one of you might understand better, is that between 11 and 15 November UBS "borrowed" 1.87 million shares and have only "returned' 180,000. Suggesting that they still have to "return" 1.69 million shares. How? What is their intention?
Maybe it is innocent, but, could shed some light on what is going on, or about to go on, behind the scenes. Maybe all of those piddling buys were just to get onto the share register and to enable them to participate to their maximum in the SPP?? Five shares still entitles you to $15,000 worth!!
I am not suggesting any conspiracy theory, as this goes on with many fund managers, but, usually for the purposes of being able to "short" the company and then buying in at a nice discount which seems to be happening. Food for thought.
But, IMHO, love BOW, but be patient. They have given you a great run and are the envy of all the other CSG SH who are just watching you go from strength to strength and becoming more and more frustrated with THEIR own management as a result.
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