complaint to asic

Have complained to ASIC about insider trading. @ https://www.edge.asic.gov.au/cgi-bin/Lodgement/complaintV007/start/complainant

Hochtief made an announcement to make a proportional takeover offer of Leighton Holdings (code LEI) on 10/3/2014. The share price of LEI increased from last close of $18.21 on 5/3/2014 to $19.24 on 6/3/2014 to $20.72 on 7/3/2014, an increase of 13.78% in the space of two days. This indicates certain parties were trading in the securities of LEI on the basis of advance knowledge of the takeover bid i.e. insider trading. Due action needs to be taken by LEI to investigate who knew about the bid when and whether they traded on the basis of this knowledge.

Don't expect anything to occur but feel free to give a piece of your mind if you like. The more the merrier.