americans continue to buy large lots. possibly targeting a 20% stake here. peanut $ for them, as AUD has gone down heaps. a few fundies selling, the sellers must have nearly exited at a loss completely by now, still have some lots to clear for their year end accounts.
2016 FY onwards should be better for PGR. Rate cuts, lower petrol prices, and a possible change of govt in labor will encourage retail spend. Also Coalitions budget in 2015 will not be as harsh, in order to avoid voter backlash.
Remember it was the poor Coalition govt budget which decimated all retail SP in FY2015.
