AUC Broker Data Worth creating a separate post here.
3 months ago I said "I wish AUC were the next target for a takeover, but I can't see any signs of pro/institutional brokers accumulating." https://hotcopper.com.au/threads/auc-could-now-be-on-takeover-watch.8346855/page-66?post_id=77006075
Now, I see that things are changing in terms of interest from professional brokers.
Here is the broker data for the past month:
Top buyers:
Virtu ITG +$1.02M
UBS Securities +$290K
Macquarie Securities +$284K
Morgan Stanley Securities +$203K
J.P. Morgan +$184K
Top sellers:
FinClear Execution -$775K
CMC Markets -$397K
Bell Potter -$371K
Commonwealth Securities -$219K
To better understand how accumulation is going on, let's have a look at this chart where we can see accumulation by selected brokers.
To get an even clearer picture, here is
accumulation by 7 investment banks combined (Citigroup, Goldman Sachs, Macquarie, Merrill Lynch, J.P. Morgan, Morgan Stanley, UBS).
Similarly, accumulation (distribution to be more precise) of shares by 4 retail brokers (CommSec, AIEX, CMC Markets and Wealthhub).
Pretty clear shift of shares from retail investors to professional investors.
Here is flow chart showing how shares changed hands over the past 2 weeks.
(20min delay)