Business
ASX falls; Activist targets ‘rotten’ Seek, shares plunge 9pc – The Australian Financial Review
The Australian sharemarket has bounced off its morning low and is down 1.3 per cent on weakness in BHP and banks. ANZ cash profit falls 42 per cent to $3.76 billion….
Activist shareholder Blue Orca Capital has set its sights on its biggest ASX-listed target yet, $8 billion blue chip SEEK Limited.
And although everyone will take notice of what the man behind activist reports on Blue Sky Alternative Investments and Quintis is doing, shorting the search and venture capital business is nothing new.
Blue Orca Capital founder Soren Aandahl’s newest target is SEEK. AFR
As of this week, SEEK was the 29th most shorted stock on the ASX, with 5.23 per cent short interest,…
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