Hey guys I'm new to this thread but I wanted to ask what people think I should do with this information I found.
I've been researching market manipulation - as you all know heavily manipulated by the big players with the use of bots. I read the following article
And in my own research I found that there are four entities below who in every Australian ASX listed company I have checked so far seem to show evidence of colluding with each other in some way. Just wondering if anyone can recommend what I should do with the information.
Information comes from annual report top 20 shareholder lists
Company name Market cap 2016 % of shares 2017 % of shares
Devine ltd 56 million JP Morgan - 3.46% JP Morgan - 3.77% HSBC - 1.55% HSBC - 1.5% Citicorp - .61% National - 0.28% Total = 5.62% Citicorp - 0.22% Total = 5.77%
Quintis. $390 million HSBC - 12.79% HSBC - 20.07% ( in lead up to going into VA). JP Morgan- 12.73% JP Morgan - 8.5% Citigroup - 3.4% Citigroup - 3.25% National - 5.04% National - 0 Total = 33.96% Total = 31.82%
Telstra. $32 billion.HSBC - 15.29% HSBC - 17.98% JP Morgan - 13.47% JP Morgan - 10.89% Citigroup - 7.78% Citigroup - 5.61% National - 5.42% National - 4.17% Total = 41.96% Total = 38.65%
In the case of Devine, the change in the total amount owned of (Citi, JP , HSBC and Nat) is 5.77-5.62. = 0.15% this is compared to the total amount you get if you add all the differences between them individudually ( HSBC is 1.55 - 1.5 = 0.05)+ JP (3.76-3.46=0.3) +Citi (.61-.22=0.39) +Nat=(0.2-0=0.2) total of individual differences =0.97%. Same goes for quintis and telstra. You can look at most companies on the ASX and see that the same pattern occurs where the total % owned by these 4 entities stays roughly the same while there are big movements in the % changes of the indri ideal entities. If this happens in every ASX company I have checked so far is this not a coincidence? Is this evidence of market manipulation? Would appreciate some ideas on what to do with the info and how I can investigate it further.
I think it would be easy for these entities to manipulate in the way described in the seeking alpha article yet. Yet I think what is happening is obvious and can't understand why regulators haven't stopped it. Still scratching my head about what I've found......
