Ever wondered why the ice cream you ate last week seems to taste so similar to the ice cream you ate this week - despite it being a different brand.
Monopolies are being created globally and the lack of competition is creating uniformity, high prices and inequality.
This is all because artificial share prices are being created on global stock markets due to algorithms controlling the prices. This leads to severe undervaluations and then company takeovers.
I would now like to provide you with an example how this happens using the Australian Stock Exchange (ASX) as the example.
Devine Limited is an ASX listed company (DVN). A much larger ASX listed company acquired a 60% stake in Devine. They then stole from the company as can be seen quite obviously here. An ASIC investigation was started but seems to have disappeared.
Ever since Cimic gained control of Devine they have been bleeding it dry. Ultimately when most of the assets have been consumed they will either take it over or put it in voluntary administration. The share price has also crashed, much of this has been with small trades done to deliberately force the share price down. Algorithms were not necessary given it is a lightly traded stock. Shareholders are mostly pensioners with little knowledge of the stock market, it has happened very blatantly and with little resistance.
Cimic itself (CIM) is 70% owned by a German stock exchange listed company called Hochtief (HOT). Hochtief itself is 70% owned by Spanish exchange listed company Grupo ACS (ACS).
It is a concern that the 70% control is coming down the line at each step because Grupo ACS seeks to manipulate each share price and then take over everything and this is all happening in a pattern similar to many other ASX takeovers. This is how global monopolies are being created via global stock markets.
In 2019 the short seller GMT research attacked Cimic with a short selling report using Financial Review journalist Kylar Louissikian as the messenger. This is the article's opening paragraph (May 9):
Australia's largest listed construction company CIMIC has inflated its profit and hidden poor performance to boost its share price by “engineering” its accounts, according to a scathing financial analysis by Hong Kong-based research house GMT.
For everyone's information, Louissikian is a lesser version of Joe Aston the well known AFR journalist who writes the rear window column. Aston aids and abets short sellers consistently, he is in my opinion writing what short sellers ask him to write. I researched and wrote the following in December 2018.
Many of the most highly-shorted stocks on the ASX have recently had negative articles written by Aston. On 18 June, Aston wrote a negative piece on the company Mineral Resources. Between 14–21 June, the amount of short selling leapt in Mineral Resources from 2.56% to 3.63%. On 11 September, Aston wrote another negative piece on NextDC. Between 3 September–30 November, short selling leapt again from 3.6% to 11.08%. On 5 June he wrote a negative article on Afterpay. Between 4 June and 15 June, short selling jumped from 4.8–6.8%. Again he wrote a negative article on Afterpay on 9 September. Again short selling jumped from 2.9% to 7.17% from 6 September to 19 November.
Very recently an Australian judge blasted the short seller Bonitas (Ex Glaucus) and their predatory attack on Rural Funds saying it was misleading and false and just done to make a fall in the share price. The AFR journalist who acted as the messenger for Bonitas in that case was Larry Schlesinger.
In the case of Rural Funds, the board was shareholder friendly but this is not the case in Devine and Cimic. The demise of Cimic will be well orchestrated by Directors and manipulators working together.
At the Devine AGM last year several shareholders attended and the questions they asked the board were not answered by the Directors. The questions were about how a company can go from making $10 million profits a year to $40 million losses a year and not one director would open his mouth. The Chairman would not permit questions to the directors. The Chairman is David Robinson. Robinson is also on the board of Cimic.
The rest of the Cimic board are as follows.
Marcelino Fernández Verdes - Spanish
Juan Santamaria - Spanish
Russell Chenu - Australian
José-Luis del Valle Pérez - Spanish
Pedro López Jiménez - Spanish
Ángel Muriel - Spanish
Peter-Wilhelm Sassenfeld - German
Robert Seidler AM - Australian
Kathryn Spargo -Australian
Adolfo Valderas - Spanish
As you can see the Cimic Board is controlled by Spain. The short selling attacks began after Grupo took control of the Board.
Two of the Australian Directors are Kathryn Spargo and Russell Chenu - this in itself is interesting.
When Cimic took control of Devine they also took over UGL. UGL had been manipulated down in price by algorithms. There is no evidence to say that manipulators were hired by UGL or Cimic or Hochtief or Grupo ACS but there is definitely evidence to show that UGL was illegally manipulated down.
The UGL share price was at such a low when the takeover came that Allan Gray the largest shareholder (and largest lender of shares to short sellers) complained to the board and said the takeover should not go ahead. The Board ignored it and went ahead. The Chairman Ross Taylor was rewarded with a $7.5 million payout for recommending the takeover and Kate Spargo was regarded with a position on the Cimic Board. Taylor was again rewarded by immediately stepping into the CEO position at Fletcher Building.
In 2019 in New Zealand the top CEO pay-packet went to Fletcher Building’s Ross Taylor, who took home $5.3 million.
UGL and Devine were not the only ones Cimic took over. They also took over Sedgman and they came extremely close to taking over Macmahons. With both Sedgman and Macmahon the takeover came after a low share price caused by algorithm manipulation.
In October 2019 Australian journalist Bridget Carter opened her article with this :
Speculation is mounting that the Spanish-controlled majority owners of CIMIC are working on a $1.5bn-plus plan to privatise the Australian services and engineering giant.
As you can see, the first step was to use CIMIC to takeover undervalued ASX companies
The next step was to destroy Cimic with a short seller
The next step was to takoever Cimic with Hochtief
Then the process will most likely repeat itself in Germany with a short seller targeting Hochtief
Grupo ACS will end up with full control of all of Cimic companies, and all of Hochtief companies.
These takeovers following manipulated share prices are all the more relevant when it comes to companies like Pan Australia, Alita Resources, Cudeco and Bellamy's which have recently fallen to Chinese companies in more or less the same style.
For those politicians and journalists wanting to view the evidence, a sit down meeting is required to present it.
Information has already been presented to a journalist who has accepted it but is reluctant to speak out given his editor is Peter Costello.
A politician so far who has touched this pointy subject is Andrew Leigh. Andrew Leigh wrote about this monopoly situation when he saw that top 20 shareholder lists across the ASX were dominated by the following names HSBC, JP Morgan, Citibank, National, UBS and BNP Paribas. These are the custodians.
The Custodians act as the covers for the beneficial owners who manipulate prices without having to disclose their identities.
And who attacked Andrew Leigh for this ?
It was the same journalist who writes for short sellers
(20min delay)
