Perpetual sells soaring ASX shares
The big end of town has quietly been selling shares during the huge ASX share price spike that has followed the Singapore Exchange’s $8.4 billion takeover offer. Roger Montgomery questions the national interests of the Singapore deal, flagging the possibility of the ASX being onsold by Singapore. Read article.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Andrew
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Smart move, although the price offered by Singapore is so high it must be considered a christmas present to ASX shareholders, i just can’t see the deal being allowed to go through so best to take advantage of the excitement and increasing market price and sell.
Roger Montgomery
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Thanks Andrew,
Keep in mind everyone that ANdrew’s opinions do not constitute advice. Be sure to seek and take personal professional advice.
Andrew
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I echo Roger’s thoughts. I also advise people to seek there own advice. God knows i have made my fair share of clangers and should not be held up as anything other than an investing rookie.
I am merely opionated and quite often form an opinion on nothing other than a gut feeling and instinct which has had mixed results thus far for me.
Russell
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Roger, and readers
Great article. So many Australian icons coming under foreign control. Sad really. Our grand-children will not thank our generation.
Keep up the good work Roger.