Trading in Karlholt shares on the Bermuda Stock Exchange was quiet
again overnight as, er, no shares were traded in a similar trend to the
past few months.

You can check out all the Bermuda Stock Exchange announcements here.
The first one we saw was HSBC selling its Australian funds management
business to the Packer-controlled Challenger Financial Services for $22
million. We looked through the 40 international companies listed in
Bermuda here and the other big names included Jardine Matheson and Dairy Farm International.

The
idea to go to Bermuda might have come from News Corp director and
out-going British Airways CEO Rod Eddington, who worked for Jardine
Matheson when he was CEO of Cathay Pacific in the 1990s.

Do a search for old announcements by Karlholt and we could only find this one from 8 November 2004, welcoming their approval to list on the exchange. The announcement included the following line:

The issue is being introduced for listing under
the Restricted Marketing provisions of the Exchange and is for
securities that are aimed at Qualified Investors, being individuals or
institutions that invest either a minimum of $100,000 or otherwise meet
one of the suitability tests defined by the Exchange.

Only $100,000? Each of the ten Karlholt shares is worth $880 million!

Crikey has emailed the following to the Minter Ellison lawyer in Sydney listed here as the contact for Karlholt:

Hi John, do you have a contact for a broker
in Bermuda as I would like to try and put a buy order on for a share in
Karlholt and you’re listed as the point of contact on the BSE website.

Kind regards

Stephen Mayne
News Corp shareholder

We’re not holding our breath.

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