charts and valued experts, page-262

Top Net Sellers
Citigroup -12M at 42c - large INSTO holder getting out at tops
Cannacord Genuity -4.4M at 42.7c - hypocrites, called 70c tops but selling massively at 43c!
Bell potter - 3.7M at 43.8c - WA holders selling at 44c
UBS -3.3M at 42.7c - true to form, a seller, called 40c tops
Comsec - 2.1M at 43.2c - ozzie retailers going out, Aust Super platform
Top Net Buyers
Goldman Sachs +6.1M at 42.1c - new large buyer
CLSA Aust +4.9M at 45c
Credit Suisse +3.4M at 42.3c - a believer, called 62c
Macquarie +0.9M at 43c - trading, lender but not really buying a lot as I thought they would


If you are honest with yourself then ask yourself these questions -

1. Why would brokers who publicly called a target price for PRU of 69c 70c be large net selling shares at 42.7c and 44c like Cannacord & Baillieu Holst?
2. Why would Macquarie who lent PRU $50M to build Sissingue be trading the shares with a slight net buy but also selling shares at 43c?! Why arent they buying and not selling any
3. UBS and Credit Suisse actions are understandable as they have done what they said they would do, yett UBS called 40c tops and were selling above that at 42.7c.
4. why are local mining buffs (bell potter), Aust Super and retailers comsec large net sellers averaging 43c sells this month?
5. why has Citicorp sold such a large chunk
6. why has johnny come lately Goldmans bought so much at average 42.1c
7. who is CLSA and why are they buying at the highest monthly average price = chinese INSTO/CITIC
8. why are the ozzie/yankee INSTOs selling to chinese & goldman INSTOs

https://www.clsa.com/global/australia/

Established in Sydney in 2009, CLSA is one of the leading institutional equity brokers in the country.

CLSA Australia leverages the depth and breadth of CLSA’s global platform and direct access to China, through parent company CITIC Securities... in 2015, CLSA Australia’s services were expanded to include Corporate Advisory under CITIC CLSA Securities.... CITIC Securities Co., Ltd. is China's largest full-service investment bank. It offers services in underwriting, research, brokerage, asset management, wealth management, and investment advisory. Wikipedia
Headquarters: Shenzhen, China

Owner: CITIC Group (15.59%)
Subsidiaries: CLSA, China Asset Management, KVB Kunlun FG, MORE