Interesting times ahead! Seems worth doing a dive into the major shareholder of both DEG and GOR to establish who the "puppet masters" are who are effectively pulling the strings of their puppets: DEG and GOR
I have found marketindex.com.au a source that seems reliable and regularly updated for this sort of information
Firstly DEG
Name
Shares
Capital
1 HSBC Custody Nominees (Australia) Limited
707,437,659
29.52%
2 Renaissance Resources Pty Ltd
413,934,740
17.27%
3 Citicorp Nominees Pty Limited
318,925,866
13.31%
4 J P Morgan Nominees Australia Pty Limited
279,960,578
11.68%
The Top 20 Shareholders of DEG hold 83% ofshares on issue
https://www.marketindex.com.au/asx/deg
Secondly GOR
Name
Shares
Capital
1 Hsbc Custody Nominees (Australia) Limited
404,412,349
37.37%
2 J P Morgan Nominees Australia Pty Limited
135,020,297
12.48%
3 Citicorp Nominees Pty Limited
120,386,622
11.13%
The Top 20 Shareholders of GOR hold 74.21% ofshares on issue.
https://www.marketindex.com.au/asx/gor
What this is telling me is that the same puppet masters are pulling the strings of DEG and GOR
This puts GOR's 17% of DEG (I assume it comes under HSBCs managed shareholdings) in a different light. They may not have the influence that every one thinks. Though assumedly they could take voting rights back from HSBC if desired or apply a great deal of pressure.
Also, I have not tracked down Renaissance Resources. They are a recent arrival on DEG's list
We watch this space with ever increasing interest. But with absolutely no control or influence.
- Forums
- ASX - By Stock
- DEG
- Ann: Media Speculation in The Australian newspaper
Ann: Media Speculation in The Australian newspaper, page-52
-
- There are more pages in this discussion • 4 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
Add DEG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.39 |
Change
0.045(3.36%) |
Mkt cap ! $3.319B |
Open | High | Low | Value | Volume |
$1.37 | $1.41 | $1.35 | $14.07M | 10.18M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 55057 | $1.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.40 | 6000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6920 | 1.385 |
2 | 6249 | 1.380 |
3 | 66270 | 1.370 |
1 | 8971 | 1.365 |
2 | 18971 | 1.360 |
Price($) | Vol. | No. |
---|---|---|
1.395 | 6000 | 2 |
1.400 | 29971 | 5 |
1.405 | 24328 | 5 |
1.410 | 105971 | 6 |
1.415 | 40971 | 4 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
DEG (ASX) Chart |