trading activity of recent top 30 entrants

Hi Guys

I have just returned from watching Collingwood train in preparation for the GF, and it seems that I am attracting a lot of interest by many of the non holders while they completely ignore the factual information that I present.

Why is that?

Are some here with an agenda getting desperate with the way things are shaping up and with the transparency I have provided in regard to the trading activities of Nominee Entities. Are some losing their grip now that ploys are becoming obvious and while the company is now coming under notice by the corporates for the right reasons? It sure seems like it.

And at the same time we seem to be getting the story that the Nominee Accounts are simply to hold retail trades while they settle.

What a lot of <insert expletive here, if so inclined> nonsense!

While an occasional trade that goes awry might be registered in a broker account for a short time, many of these Broker Nominee accounts appear permanently on the registers of many ASX companies. Even Comsec Nominees and Etrade Nominees as far as that goes!

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Anyway, the following trading highlights the activities of the Nominee Accounts which have featured prominently in the Cudeco Top 30 since the resource upgrade announcement, and since mayhem exploded in the market for CDU shares and on Hot Copper.

Trading Histories of New Top 30 Entrants

Month	ENTITY	Opening	OFF	ON	Balance
May	BRISPOT NOMINEES	?	0	0	?
June	BRISPOT NOMINEES	?	0	0	?
July	BRISPOT NOMINEES	0	7,096	16,720	9,624
Aug	BRISPOT NOMINEES	9,624	327,432	632,882	315,074
		TOTALS	334,528	649,602
May	COMSEC NOMINEES	103,778	1,663,251	1,658,762	99,289
June	COMSEC NOMINEES	99,289	1,401,886	1,455,989	153,392
July	COMSEC NOMINEES	?	0	0	?
Aug	COMSEC NOMINEES	33,968	8,387,864	9,084,579	730,683
		TOTALS	11,453,001	12,199,330
May	ETRADE NOMINEES	8,294	804,814	800,720	4,200
June	ETRADE NOMINEES	4,200	636,215	660,334	28,319
July	ETRADE NOMINEES	?	0	0	?
Aug	ETRADE NOMINEES	13,670	2,988,257	3,182,324	207,737
		TOTALS	4,429,286	4,643,378
May	FLEET NOMINEES	8,878	74,782	80,290	14,386
June	FLEET NOMINEES	14,386	109,594	95,208	0
July	FLEET NOMINEES	?	0	0	?
Aug	FLEET NOMINEES	993	2,103,373	2,184,260	81,880
		TOTALS	2,287,749	2,359,758
May	NETSHARE NOMINEES	10,900	1,385,343	1,400,601	26,158
June	NETSHARE NOMINEES	26,158	848,821	848,163	25,500
July	NETSHARE NOMINEES	?	0	0	?
Aug	NETSHARE NOMINEES	50,098	6,811,634	6,966,660	205,124
		TOTALS	9,045,798	9,215,424
May	WARBONT NOMINEES	232,794	1,287,552	1,197,189	142,431
June	WARBONT NOMINEES	142,431	1,990,297	1,939.498	91,632
July	WARBONT NOMINEES	?	0	0	?
Aug	WARBONT NOMINEES	355,567	4,118,655	3,765,088	2000
		TOTALS	7,396,504	6,901,775
May	WOODROSS NOMINEES	36,953	461,645	489,260	64,568
June	WOODROSS NOMINEES	64,568	572,431	512,963	5,100
July	WOODROSS NOMINEES	?	0	0	?
Aug	WOODROSS NOMINEES	19,730	1,757,607	2,006,178	268,301
		TOTALS	2,791,683	3,008,401

COMMENTS:

The Brispot Nominees connection has already been noted and the fact that it has previously been used as a vehicle for corporate activity is extremely interesting.

CLICK: BRISPOT Corprate activity with UBS

Either that or just another coincidence I suppose...lol

The Warbont activity is also intriguing with marked activity in May, June and especially August with zero activity in July. It's kind of weird that they would freeze their buy and sell buttons in July and become obscenely interested in August!

The connection between Warbant Nominees and Brispot Nominees back to UBS has also previously been noted. The following thread (see link below) is essential reading particularly for the historical corporate links between UBS and its subsidiaries (Brispot and Warbont) together with some of the other very major Nominee Entities in the Top 30 including National Nominees, ANZ Nominees and City Corp Nominees.

CLICK: Trading Churn and Links Between Nominee Holders

Curiously we havent had one response from a non holder in regard to evidence that the Nominee Accounts can work together in corporate plays involving other ASX companies. Now why would that be?

And why couldn't the same ENTITIES who have a history of co-operating in the past and have a history of churning the daylights out of CDU stock (at least over the last 4 months and possibly for much longer), suddenly work co-operatively to target CDU? Well the reality is that they could, or at least assist another player with their endeavours. And that is just a statement formed by reasonable deductive processes. No more no less!

Commonwealth Securities have always been active in the trading of the stock, but strangely, the Comsec Nominees account also took a complete vacation in July before trading with a vengeance in August. With all of the retail holders who use Comsec I would have thought from following Zedster's logic that there would have been a need to have shares in Comsec Nominees in July while trades were accounted for and their clients paid up.

Yeah right!

In July Commonwealth Securities were responsible for the following movements on the CDU share registry.

OFF: => 874,413 shares
ON: => 739,815 shares

The net movement OFF the register in July for Commonwealth Securities clients was 134,598.

The numbers are made up of 328 separate entries on the register all associated with individual holders. Lets call them retail holders because thats what they are. But strangely, there was no entry whatsoever for COMSEC NOMINEES

But wait, according to ASX data that I have collected, to achieve the above result on the register, Commonwealth Securities bought just over 2 million shares for the month of July and sold just under 2 million shares.

It becomes apparent that the churn we see impacting the register is only a fraction of the real churn going on in the market, with shares probably being flicked back and forth each trading day between related entities, and others bought one day and sold the next in activity that avoids T plus 3 settlement and registry changes.

In August, the situation is vastly different. Registry movements by Commonwealth Securities were:

OFF: => 12,749,430 shares
ON: => 14,023,659 shares

The net movement for Commonwealth Securities clients was 1,274,229 shares ONTO the register.

Of those numbers, COMMSEC NOMINEES itself was responsible for:

OFF: 8,387,864 => which represent 65.8% of all movements OFF the register for all of Commonwealth Securities Clients

ON: 9,084,579 => which represent 64.8% of all movements ONTO the register for all of Commonwealth Securities Clients


The remaining 35% of movements is made up of 1,127 separate transactions from smaller holders.

The register movements in August were accomplished with over 27 million shares bought by Commonwealth Securities and over 26 millions shares sold. Now that is an awful lot of churn in the market only some of which actually impacts the register.

Now lets not forget that Commonwealth Securities have at least 3 types of client.

TYPE 1: The 'garden variety' retail client whose transactions appear quite separately in the broker listings. Their impact on the register despite the large number of such clients, is dwarfed by the impact of clients who sit anonymously in COMSEC NOMINEES.

TYPE 2: The wholesale investor who needs to be able to lay claim to $2.5 million in assets and to demonstrate an income of $250,000 pa, and,

TYPE 3: The Professional Investor who must be able to demonstrate that he/she controls funds not less that $US 10 million

Maybe, it is mostly Type 2 and Type 3 that get to sit in Comsec Nominees? That at least would make sense. But who are they, who do they represent and what are they up to? If just skimming trading gains was their motivation, why would they all go missing in July?

Zedster, could you please paint us a benign picture of the above activity, because as a share holder it concerns me? But please make it accurate with substantive information.

It becomes increasingly obvious that the stock can't go anywhere with the leaden anchors of all of the churn that takes place? Any wonder the company has moved to strengthen the register at the first opportunity to do so.

And one wonders why Commonwealth Securities clients would be topping up on a net basis in a supposedly dud stock in August after the resource upgrade announcement? Shouldnt they have been fleeing the register?

Anway Zedzz, to cut down on my work load could you please provide some info on Fleet Nominees, Woodross Nominees, Netshare Nominees and Etrade Nominees. Keep in mind that the Etrade retail clients all appear separately in their droves on the register listings just like the Commonwealth Securities retail clients do. And no more of the "Nominee Holdings" are just for retailers type explanations....please! Because they clearly aren't!

Cheers
Nev

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