Ann: Change in substantial holding , page-7

If you go through the notice you will notice at the top ogf the list B of A has sold a small amount of shares more than they bought for the period

Therefore almost the entire reduction in the holding is in borrowed shares

Shares they borrowed to sell at a point in time at a certain price, unless the price goes down and they can buy these shares back from the market a cheaper price to then return the shares to the owner the trade is a fail.

Of course the reason someone might borrow shares goes well beyond shorting. But I cant think of too many reasons to return those shares apart from the fact that you are sitting on borrowed shares and you expect a sustained lift in the share price.

Any other thoughts welcome

Viney