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,…
-
General8 hours agoThailand and Cambodia to hold negotiations in Malaysia over border conflict
-
General17 hours agoF1 live Belgian Grand Prix: Oscar Piastri starts second behind Lando Norris, wet race forecast for Spa-Francorchamps
-
General18 hours agoMan in critical condition after police shooting at Townsville shopping centre
-
General23 hours agoIsraeli troops board Gaza-bound activist boat in international waters, two Australians onboard