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     dug
Member
Username: dug
Post Number: 3027
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Friday, April 04, 2008 - 09:57 am: |  
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Wanting to check out any possible "indicators" for successfully Long Trading any of opportunities coming out of the Opes Prime mess.
ANZ's Fire Sale Disposal of the various penny shares[some 600+ different pennies]is to be done at Deep Discount to current price it seems.
They[ANZ] appear to hold categories in this.
1]Directors Holdings.
2]Other arm's length "Investors" Holdings
3]Mix of Both.
I have yet to find if Numbers of Shares in All these shares have yet been told.
Could someone put up a cut'n'paste of the 700 odd shares affected?
Some shares that have already been disposed of this week eg DES and TAW have already reacted positively.
I'm currently wondering that the method of disposal On Market in multi parcels is more "beneficial" than a disposal by Off Market in Bulk/Total.
Also whether the "Shorting" capacity in pennies promoted by Opes isn't a Significant Cause for DownTrends over months.
Anyway,will be back later.
Even 'til Jaded.
Dig for the sake of it.
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mrlunch
Member
Username: mrlunch
Post Number: 307
Registered: 09-2006Rating: N/A
Votes: 0
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| | Saturday, April 05, 2008 - 03:40 pm: |
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Source: http://www.news.com.au/heraldsun/story/0%2C21985%2C23468119-664%2C00.html
The following is a shopping list of almost 700 stocks held by distressed finance house Opes Prime. The ANZ bank has instructed its adviser Goldman Sachs JBWere to sell the stocks. The list includes some of the big names on the ASX such as Toll Holdings and QBE but most of the companies listed inhabit the small end of the market.
AAE, AAH, AAQ, AAR, AAS, AAU, ABJ, ABQ, ABQO, ACB, ACG, ACK, ACR, ADA, ADEO, ADN, ADX, ADY, AEX, AFA, AFGHA, AFT, AGI, AGO, AGX, AGXO, AIE, AIM, AJL, ALB, ALE, ALK, ALL, ALT, ALU, ALY, AMA, AMB, AMM, AMMO, AMU, AND, ANH, ANQ, ANZIMJ, AOEGA, AOK, AOS, AOSOA, API, APM, APP, AQD, AQDOA, AQE, AQR, ARH, ARM, ARO, AROOB, ARR, ARV, ARXO, ASB, ASC, ASX, ATG, ATP, AUJ, AUN, AUT, AVA, AVB, AVX, AWG, AXA, AXC, AXCO, AXM, AXT, AZA, AZM,
BAR, BBP, BBW, BCF, BCI, BCL, BDG, BDL, BDR, BEC, BEI, BFG, BIT, BKG, BKGO, BKM, BKY, BLG, BLK, BLKO, BLP, BLU, BML, BMM, BMU, BNBIME, BNL, BNO, BOE, BOEO, BOW, BOWD, BPG, BPO, BPOOB, BRM, BRO, BRT, BSN, BSR, BTA, BTV, BUG, BUR, BXP, BYI, BYL, BYR, BYRO, BZI
CAP, CAV, CAVO, CAZ, CBAPB, CCI, CCO, CCP, CCU, CDR, CDT, CDU, CDUO, CEO, CGF, CGG, CGGCA, CGT, CHM, CHN, CII, CIN, CIX, CLD, CMO, CMOOA, CNB, CNBR, CNF, CNN, CQE, COI, COS, COY, COZO, CPK, CPR, CQT, CQU, CRC, CSE, CSV, CTI, CTO, CTPOA, CTS, CTSO, CUL, CUR, CUS, CUV, CUX, CUY, CVGO, CVR, CWT, CXC, CXD, CXG, CXY, CXYO, CYL, CYT, CZA
DES, DGR, DIA, DIAO, DID, DLS, DMA, DMX, DRA, DRK, DSN, DVM, DVN, DXL, DYE, DYEO.
EBB, EBI, EBR, EBT, ECM, ECMCA, ECU, EDE, EDM, EDS, EKA, EKM, ELK, ELL, ELLO, ELY, EME, EMS, EMU, EOS, EPD, EQI, EQX, EQXO, ERG, ERH, ERHO, ERJ, ERN, ERNO, ESG, ESI, ESMCA, ESS, ETC, EUG, EWC, EXM, EXMOA, EZL.
FAS, FASO, FCN, FEA, FGE, FML, FND, FRE, FRI, FRS, FSA, FTD, FUL, FUN, FUT.
GBE, GBG, GCN, GDAOB, GDAOC, GDN, GDR, GFE, GGG, GGGO, GGY, GIR, GFL, GME, GMR, GMX, GNI, GNIO, GNL, GNLOB, GOP, GPNOA, GPR, GRKOA, GRP, GRY, GSF, GUN, GWR, GYN, HAO, HDG, HFC, HGO, HIG, HII, HLG, HSK, HTA, HTW, HTX, HXL, HYO.
IAGPA, IAU, IAW, IBG, ICV, IFE, IGC, IGG, IGR, III, IIN, IMA, IMD, IMI, IMU, INES, INL, INT, IPA, IPN, IPX, IRL, IRLO, IRN, ISS, ITC, ITS, IVK.
JAK, JAL, JAT, JET, JMB, JVG, JVGO.
KAL, KAM, KAR, KGL, KIK, KIKO, KMN, KOV, KSXOA, KTE, KTL.
LAT, LEF, LEFO, LEG, LEGO, LFE, LMG, LOM, LRL, LVL.
MAB, MAE, MAKO, MAL, MAR, MAU, MBI, MBP, MDG, MDL, MEE, MEI, MEO, MEP, MES, MFC, MFI, MFS, MFSG, MFT, MGU, MHL, MIN, MKY, MLI, MLM, MLS, MLSOA, MLX, MMB, MMN, MMNO, MMS, MMX, MMZ, MNC, MNCO, MNM, MNMO, MNY, MOL, MPD, MPJ, MPJO, MPY, MRB, MRBO, MRO, MRYO, MSAS, MSB, MSTG, MSTO, MTB, MTY, MUE, MUR, MVP, MVU, MWE, MWN, MXL, MXX.
NAL, NBL, NDO, NEC, NEO, NPL, NGE, NGM, NIP, NKP, NLG, NMS, NOD, NQM, NRT, NRU, NRUO, NSP, NST, NSX, NVT, NWK, NWS, NWSLV, NXS.
ODN, ODNO, ODY, OEC, OEL, OGC, OGCO, OMH, OMI, ONC, ONQ, ORD, ORE, ORI, OZG.
PAB, PBP, PCL, PDR, PDZ, PEA, PEN, PES, PESO, PFG, PGL, PGM, PGS, PHL, PIE, PIO, PLV, PMH, PNN, PNW, POS, PPP, PPS, PRE, PRO, PRR, PRU, PRW, PRWO, PSD, PST, PTN, PTO, PVE, PWR, PXL, PXS, PXUPA, PYC, PYM, PYMO.
QBE, QBEIMC, QMG, QOL, QOLOA, QSS, QSSO, QTK, QKQ.
RAUO, RBM, RBX, RBY, RBYO, RCO, RDR, RED, REO, REOOA, REX, REY, REYOA, RFE, RFEO, RFG, RFL, RMA, RMLOA, RNG, RNGO, ROY, ROYOA, RRL, RRS, RRSDA, RRTO, RSN, RSNCH, RSNGB, RUM, RVM, RWD.
SAE, SAR, SBL, SBR, SBS, SBSO, SDM, SEA, SEN, SEY, SFR, SGBPC, SGH, SHE, SHEO, SHX, SLA, SLACF, SML, SMLOC, SMZ, SNV, SPH, SPI, SPL, SRAO, SRK, SRKO, SRR, SRV, SRZ, SSI, STX, SWG, SWK, SXE, SYB, SYN, SYP, SYPO, SYR.
TAN, TAS, TAW, TAWO, TAWR, TBR, TDO, TEY, TEYO, TGS, TGX, THS, THRO, THX, TLM, TMX, TMXO, TNC, TNCOA, TNG, TOL, TOX, TRF, TRH, TRHO, TSH, TTR, TZL.
UBI, UEQ, UKL, ULT, UMC, UMS, UNI, UNIO, UNX, UOS.
VCN, VHL, VIL, VILO, VIP, VLA, VML, VMLO, VMS, VMT, VRE.
WBA, WCN, WCP, WCU, WDC, WDR, WEB, WEC, WEZ, WEZO, WHC, WIG, WLF, WME, WMT, WPG, WRK, WRR, WVL, WWH, WWI, WWM, WWW.
XCD, XRF, XST, XTE.
YRR, YRRO, YTC.
ZAUWBA, ZGL, ZMG, ZNC.
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mrlunch
Member
Username: mrlunch
Post Number: 308
Registered: 09-2006Rating: N/A
Votes: 0
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| | Saturday, April 05, 2008 - 03:47 pm: |
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I have traded CTO, DES and PXS which have all had some Opes action.
Seems to me that the extra selling pressure from dumping Opes shares is a logical place for a low and very likely to hold for at least a while.
I bought CTO on 3rd April and still have it.
Bought DES on 3rd April too and sold it on the 4th - I think it could track higher but I also think there is a heap of selling pressure still and the 10 cent mark may be difficult to overcome given the 10 cent capital raising they are doing. Happy to take the profits and preserve capital there.
Bought PXS on 4th April and still have it. It doesn't appear to have has as many Opes shares affecting it relative to the others, and has released some good news. Seems a reasonable entry with some decent potential to gain there
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dug
Member
Username: dug
Post Number: 3029
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Sunday, April 06, 2008 - 10:57 am: |
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thanks for putting up the List,Mr Lunch.
Did you know this was "leaked" by an ANZ employee?Pity the Numbers of Shares Involved in each case didn't go with it.One has to wait on Individual Companies Announcing it and as far as I've read only 50 or so of the near 700 have so far.
This is a real mess.Perhaps it has released more shares out of Long Term Holds into Short Term but that's not a wonderful thing.
Chiefly I'm drawing from the List the pitiful Market Cap of Shares that were able to be Shorted.This is PROOF undeniable of how shares NOT on the Official List were Available to be still Borrowed and Shorted.
Further Shares which ARE on the Official Shorting List could have gone thru this Back Door and NOT been Reported on the Official List.
It should also be realised this list above is only of the Shares caught at this time ie Many Others may have been held in the past but were redeemed and so do not appear.
Considering even this list is near Half of all the Shares listed on the ASX,one must assume this mechanism is/has been in play on All Shares.It's a racket that has to be Regulated,Mr Lunch.
Anyway,price fluctuations in these named companies could go on for months so thanks again for providing the List.
Personally,as you know,I'm in DYE and am trying to work out the effects of all this on Directors Holdings.DYE has Options maturing in November 08 and the Directors Hold most of these Options so they will get their percentage Holding back by exercising these Options.
I'm just trying to work out IF the directors have to pay the 20cent exercise price AND as they are in for 6mil options have they the $1 mil+ required or are they going to "mortgage" their shares again with some Broker?
gotta go,
cheers.
Even 'til Jaded.
Dig for the sake of it.
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captain_chaza
Member
Username: captain_chaza
Post Number: 3127
Registered: 02-2003Rating: N/A
Votes: 0
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| | Sunday, April 06, 2008 - 02:46 pm: |
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Ahoy John
I never said shorting anything was not Impossible
I said that it was a discretionary decision by the participating "Shorting" broker and that he could change his mind at any time
IE: a lender of shares was always needed before a short could be executed
That is why I asked you to test the waters
Step 1 Select a stock to short
Step 2 Find out if your broker has a lender of the stock you wished to short and on what special conditions
IF ANY?
What is most interesting to me is the shares that ANZ sold last week thinking they were the Legal OWNER
If they are not the Legal owners then they have shorted stocks in a "Bullish" mining recovery stage and must cover their short positions Sooner or Later
These legal issues of ownership could take many many years
WHAT A MESS!!!
As you know this is Nothing New to this skipper
Just the past being revisited again in the art of short selling or should I say "The Art of Not Short Selling!"
Salute and Gods' speed
NB: The Captain's no.1 rule
IE:"The Don't Do That!" rule
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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dug
Member
Username: dug
Post Number: 3031
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Sunday, April 06, 2008 - 04:19 pm: |
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well Charles I'm looking forward to the "Excuses" of WHY when the ANZ held over 5% in a Share NO substantial notices were issued.It's required going under 5% and for any 1% increase in Holdings after 5.
The over 20% requiring TakeOver Offer,too seems to have been breeched in some case by ANZ.
Did you know Sub Hold Rules are applied to ALL companies not just Listed ASX ones?It's just Companies Act supervised by ASIC,nothing to do with the ASX compliance rules.
Instead of seeing the past repeating,I'm seeing Registry Analysis as the Next New Thing.I'm thinking soon that the Registry Moves will be available at least on a Qtrly Basis instead of currently only findable in Annual Report last pages.
but you'd probably think I'm Dreaming.
something to do while waiting for ANZ to cover their Shorts,as Judged by the High Court.
cheers.
Even 'til Jaded.
Dig for the sake of it.
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cat_lady
Member
Username: cat_lady
Post Number: 439
Registered: 10-2006
Rating: N/A
Votes: 0
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| | Sunday, April 06, 2008 - 06:26 pm: |
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HI Dug/Chuck
according to the AFR, ANZ had prepared substantial shareholder notices earlier this week, but then held back on lodging as their lawyers went to work to find out wehther a release it got from ASIC back in 1992 (giving it relief from strict compliance with section 761B of the Corporations Act) declaring that it did not have to lodge SSNs in relation to stock held under stock lending agreements, was still valid.
cat lady
Without my morning coffee I might as well be a dog
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dug
Member
Username: dug
Post Number: 3032
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Monday, April 07, 2008 - 09:50 am: |
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The old We got Exemption nigh on 20years ago excuse,hey cat lady?Were ANZ involved in these set-ups then?or were they just doing Nominees to get round naming Substantial Holders etc.?
On the AFR,cat lady did you see Friday's report that DYE had 6% involved but No Directors? That's Canberra sophistry in action,cat lady.Able to be made because Sylvia got shuffled aside for Gavin to have a turn in d'Chair.
Pretty disappointing such a use of word smoke.That the best they could come up with?
Syl and Gav will get their Percentage back to over 20% simply by exercising their disproportionate chunk of the November Options.
Anyway,I shouldn't divert this thread into DYE babble.
CC's point about ANZ maybe inadvertently Shorting the Materials Small/Mid Cap Sector gives an added dimension to the ANZ court case outcome.
Will it be years?How about if ASIC rules that the 1992 Sub Hold Exemption does NOT apply?Relatively quickly?Like a Court doesn't have to make such a Ruling only ASIC?
News of that cat_lady and that list above will be real handy.
cheers.
Even 'til Jaded.
Dig for the sake of it.
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rockon
Member
Username: rockon
Post Number: 262
Registered: 08-2003Rating: N/A
Votes: 0
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| | Tuesday, April 08, 2008 - 06:52 am: |
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This list updated in ANZ announcement yesterday, but I imagine that this list will get shorter day by day.Some big chunks of some companies held.Cannot see how some sort of disclosure wasn't required.Only holdings better than 5% on this list though.
http://www.asx.com.au/asxpdf/20080407/pdf/318frxnj7nj2r9.pdf
(Message edited by rockon on April 08, 2008)
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mum
Member
Username: mum
Post Number: 224
Registered: 08-2005
Rating: N/A
Votes: 0
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| | Tuesday, April 08, 2008 - 07:26 pm: |
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Opes victims go for Gatto
April 8, 2008 The Age
MELBOURNE underworld identity Mick Gatto has been asked to intervene in the collapse of stockbroker Opes Prime by an anonymous group of investors who wish to recoup some of their losses.
Gatto, the man who shot dead Andrew "Benji" Veniamin at a Carlton restaurant in March 2004 and was later acquitted of murder on the grounds of self-defence, will fly to Singapore today as the representative of a private group of Opes Prime clients.
La Trobe Street financier Tom Karas - the man who repossessed a share of the racehorse Pillar of Hercules from Horty Mokbel after he defaulted on a $100,000 personal loan - said the services of Gatto and his private company, Arbitrations & Mediations, had been enlisted by a "group of Melbourne businessmen".
Gatto has meetings in Singapore scheduled until Friday, but would not confirm the identity of the parties he is meeting with. He did confirm that he would be travelling to Singapore with business associate John Khoury.
"It's my way or the highway," Gatto told Full Disclosure.
"These Opes Prime clients can take their chances and lose all their money to lawyers and to the receivers, or they can take their chances with me to extract a return on their behalf.
"The proof is in the pudding with me. I solve problems, and I can extract a return on their behalf."
Gatto said State Securities, the La Trobe Street finance company operated by Tom Karas, was also involved in the action to retrieve money from Singapore.
"It's a case of following the money," said Karas.
"Where that will take Mick, we don't know yet, but he will fly to Singapore first to speak with some people and try to work out where some of the money has gone."
Full Disclosure has been told that Gatto's travel itinerary may also take him to the British Virgin Islands, depending on his success in Singapore.
Of importance to Gatto and the parties he represents - as well as the Australian Securities and Investments Commission - is the alleged transfer of cash and shares between the Opes Prime share trading accounts linked with Sydney solicitor Chris Murphy and an account operated by a company registered in the British Virgin Islands.
That British Virgin Islands company has an office in Singapor
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rockon
Member
Username: rockon
Post Number: 263
Registered: 08-2003Rating: N/A
Votes: 0
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| | Wednesday, April 09, 2008 - 02:36 pm: |
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Saw these guys on the news just before they flew out.The only thing missing was the godfather music.I wouldn't like to be in their appointment book. 
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