I keep a list of ACC holdings and thats what it shows as at 7 April
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I don't think they will either - I'd imagine they would have the Receptionist monitoring ALF during her tea break. Actually that figure is just theri NZ equities. Total ACC investements for reserves are around $10,750m. $650k would hardly register a blip and they would make more by getting a Benny off the compo.
Mini just wondering where you source your figures?
I get mine from Deep Archive and ACC have increased their holding to 16.0m shares as at 1 April.
This to me is indicating a trend that they are slowly accumulating a large stake in ALF
Usually a variety of sources - in this case the Companies Office (so there may be delays in them updating their records??) and the ACC Annual report. Buying a down trending stock would be an interesting play by ACC - especially if they are buying small amounts.
16m shares still only gives them 0.8% holding (best check my math!)
Share price up 17%, what are they up to?
not much volume but still rising...