MCQ are making lots of money with dodgy trading in MIG shares...

MCQ are making lots of money with dodgy trading in MIG shares buying and selling millions of shares while MIG is doing a buyback.

The way the scam works is that they stop the buyback, Macquarie buys shares for itself cheap, then they start up the buyback again and Macquarie sells the shares to MIG's buyback.

The result is that MIG pays too much for the shares it is buying back and cancelling which tends to defeat the supposed merits of the buyback campaign.

of course since Macquarie runs MIG, Macquarie knows when the buying back campaign is being turned on and off, indeed it controls it. That is probably insider trading.

On the basis of the last two months annoucements I think I will sell MIG and buy MQG because it is obvious that MIG is never going to make any more.