JL - As I understand it, "XT" are broker dark pool trades then settled on-market to save the broker on-market transaction fees or that is the intent. They should also be used to "disclose" (loose term) the transfer of shares between their Nominee accounts. What intrigues me and I'm still to figure it out, when stock is "burrowed" from a margin loan account(s) or between agreeable parties, the condition code that must or should be used with "XT" is either "LN" or "LR" not S3 or any of the other codes often associated or seen prefixed to "LT", according to ASX's trading/integrity rules. WTF then is going on?
The ASX also says, "If the disclosure regime achieved full market coverage, the Daily Market Report of Outstanding Borrowed Positions and the Daily Market Report of Outstanding Loaned Positions would be identical. To the extent that the regime does not achieve full coverage, some divergence is anticipated and hence there is benefit in presenting reports from both the borrowed and loaned perspectives."
So here is the data on current daily "loaned" and "burrowed" positions for KAR as of 14/11/2014:
http://www.asx.com.au/services/information-services/securities-lending-disclosure.htm
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| 1 |
ASX Code |
Company Name |
Product/ Class |
ISIN |
Reported Gross Outstanding Borrowed Stock (volume) |
Reported Gross Outstanding Borrowed Stock (value) |
Reported Net Outstanding Borrowed Stock (volume) |
Reported Net Outstanding Borrowed Stock (value) |
Daily Turnover (value) |
Reported Net Outstanding Borrowed Stock (value) as a % of Daily Turnover (value) |
Preceding Quarter-end stock committed to Lending Arrangements (value) |
Reported Net Outstanding Borrowed Stock (value) as a % of Preceding Quarter-end stock Committed to Lending Arrangements |
Market Capitalisation (value) |
Reported Net Outstanding Borrowed Stock (value) as a % of Market Capitalisation |
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Column 14 |
| 1 |
KAR |
KAROON GAS AUSTRALIA LIMITED |
FPO |
AU000000KAR6 |
22,684,204 |
61,247,350.80 |
8,650,848 |
23,357,289.60 |
1,887,026.73 |
1237.78% |
141,340,400.18 |
16.53% |
675,231,438.60 |
3.46% |
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| 1 |
ASX Code |
Company Name |
Product/ Class |
ISIN |
Reported Gross Outstanding Loaned Stock (volume) |
Reported Gross Outstanding Loaned Stock (value) |
Reported Net Outstanding Loaned Stock (volume) |
Reported Net Outstanding Loaned Stock (value) |
Daily Turnover (value) |
Reported Net Outstanding Loaned Stock (value) as a % of Daily Turnover (value) |
Preceding Quarter-end stock committed to Lending Arrangements (value) |
Reported Net Outstanding Loaned Stock (value) as a % of Preceding Quarter-end stock Committed to Lending Arrangements |
Market Capitalisation (value) |
Reported Net Outstanding Loaned Stock (value) as a % of Market Capitalisation |
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| 1 |
KAR |
KAROON GAS AUSTRALIA LIMITED |
FPO |
AU000000KAR6 |
23,561,064 |
63,614,872.80 |
9,527,708 |
25,724,811.60 |
1,887,026.73 |
1363.25% |
141,340,400.18 |
18.20% |
675,231,438.60 |
3.81% |
We now see a gap between the reported total Shorts of 15-16 million and (taking the upper number of Loan/Burrowed stock) 23.5 millions shares available to parties with intent. The gap hasn't been returned yet, it is sitting on the sidelines. No wonder Erwin suggests it won't go away. I'm sure he's smart enough to know who has the bulk of them.
Every time I see big cross trades, I just wonder where its going. I'll be watching these daily loaned and burrowed reports more closely now to observe
how the big boys play.
(20min delay)