I thought it would be interesting to see which s/h agreed to enter into the pre-bid agreement with AGL. I expect there may well have been considerable changes to the Share Register between Sept 09 and 30 June 2010. It was interesting to see that several of the major s/h did not. We can only presume that those who did not, did so because they thought that 15c was too low. It is apparent that AGL went way down the s/h list, and probably contacted at least the Top 40, in order to get their 12.8%
You can see that the Top acceptors were Berne Nominees (who i think are nominee coys for JB Were group), and Douglas Financial Consultants (who have holdings in various names). Also Aspac Mining accepted, and they seem to have s/h in a number of small mining coys.
Of more interest, is those who DIDN'T accept.
These appear to be: ANZ Nominees - got no idea who is behind that holding - but they hold over 2% of capital, so are v important to outcome, Resource & Land Mgt - this is coy which does a heap of consulting/geological work for O&G coys in Qld - big in CSG- had/have holdings in many Qld coys - to me this speaks volumes because they really know the O&G industry in Qld Of the Top 20 at Sept 2009, AGL managed to get only about 50% of that Top 20!
Interesting stuff!?
MOS Price at posting:
13.0¢ Sentiment: ST Buy Disclosure: Held