churn beneath the radar of most, page-16

Zedster

You make it sound all so simple....lol...and yet it isn't!
In fact it is far from simple.

Can I remind you that the UBS sophisticated clients actually bought and then sold (or sold then bought) around 5 million shares. Now that translates to very substantial 'moola' by anyone's measure.

It represents turnover of something like $30 million dollars if we use an average transaction price of $3. No Zzedzz, there is something quite suspicious about the UBS churn and the churn by the other nominees as far as I am concerned. Profiteering maybe? Corporate targeting? ....who knows?.

Anyway, you successfully clarified the Brispot Nominee situation, so well done. But I was stirring as I already knew the answer.

You certainly know your way around the corporate world with Warbont Nominees (a UBS subsidiary), and Pan Australian Nominees (a Deustche Bank subsidiary) being accurate calls.

Don't forget Bainpro Nominees (another Deutsche Bank subsidiary) and I have plenty more for you after conducting a little bit of independent research.

Speaking of which, I have stumbled across the following article concerning Brispot Nominees which makes for an interesting read. It serves to demonstrate that a lot of these entities can get involved in far more than churning the registers of companies. The interesting bits are in blue.

ARTICLE: Three's a crowd

LINK:
http://www.smh.com.au/business/court-stayers-ply-sprint-tactic-to-see-the-cup-20091102-htjl.html

CLICK: Brispot Nominees Article

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TEAM Myer heads to Flemington today to celebrate its first full day back on the sharemarket. If chief executive Bernie Brookes and his team need any reassurance after the Myer share price fell on the first day on the boards, they need only check their neighbours'.

Among the listed companies along Millionaire's Row, not one notched a share price rise yesterday as markets around the world slipped. Suncorp-Metway, which owns Victoria Derby sponsor AAMI, shed 44 to $8.42 a share. News Corp lost 34 and Tabcorp fell 10 to $7.05. Overseas, UBS's share price tumbled.

Of greater concern to Team Myer might be a name that has popped on the company's top-20 shareholder list after the float.

Brispot Nominees has popped up with almost 5.5 million shares, or 0.95 per cent of the company. Brispot bought 6.2 per cent of Pauls amid a takeover play for the Queensland dairy group by Parmalat in 1998.

At the time, Brispot was part-owed by Potter Warburg Securities, which evolved into Warburg Dillon Read, which was swallowed by UBS.

Warburg Dillon Read was adviser to Pauls amid that takeover play.

In 2006, Brispot resurfaced again, this time amid Alinta's quite hostile share raid on AGL. Brispot popped up on the Alinta share register, and beneficial ownership of the Brispot stake was formally traced back to UBS when Alinta asked the corporate plod to take a look.

UBS was hired by AGL as an adviser, and seemingly used the Brispot nominee account to hide a stake in Alinta. Now, three years later, Brispot is back again. Don't they say things come in threes?

Source: The Age

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It can be interesting to see how it sometimes works with these anonymous Nominee Entities eh!....and who gets into bed with who when it suits! Speaking of which, why do you think they are sniffing around CDU?

Cheers
Nev