Neither could funds managers features walkthrough
australian championship golf, throwaway, breaking news, st martin, throw, walkthrough, and, r&b, currency, jobs, news limited, orgasm, augusta national, currentaffairs, creativity, australian golf, kenben books, cheats, "I don't have anything features further to add, except to say that if people have concerns then we would be more than happy to receive them via a complaint." Macquarie, features for its part, responded cordially that the notice complied with requirements. Still, features there was the issue of what it all meant. The series of transactions at 1c are fascinating, if you are morbidly curious. On May 9, last year for instance, the bank purchased 113,000 MIG at 1c. That cost $1130, rather than the $395,000, which one would have expected to pay as the stock was roughly $3.50. Anyway, the substantial shareholder notice in question, filed on January 4, was followed by another substantial shareholder notice on the very next day, alerting MIG shareholders to the news that the parent, Macquarie, seemed to have been building a 5 per cent stake for a year, then decided to start selling a few hours later. Had global toll-road fundamentals irrevocably changed in early January, rendering MIG a far less appetising investment than it had been on the day before?
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Neither could funds managers and stockbrokers. Could anybody? One would have thought that in this liberal democracy the institutions of government would be champions of transparency and market disclosure. Ahem. Two weeks ago we had approached ASIC and the ASX with a simple request from a MIG shareholder: what does this announcement mean? walkthrough To its credit, the ASX is still trying to find an answer. walkthrough And the corporate watchdog did have a shot at it. But after three days of walkthrough apparent inquiry, ASIC said it was unable to comment. So we had an argument instead. "We don't know that it's our job to explain it," said an ASX spokesperson. "What the form says is that we have an interest in a company, some of that interest is by ownership of derivatives and its a big document and it's a big company." Naturally, we suggested that they either didn't know what the announcement was all about, or, having found out, didn't want to tell us.
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