We know AMP life sold approx 1.15m shares Oct 31-Nov3. They had 14.8m shares as shown on the substantial shareholder notice on Dec10.
Who ever has been selling this last week has already sold many millions of shares, over 1 million today already. I'd say its almost certainly them and probably selling for reasons other than being unhappy with Marion.
What a time to be selling, just when a swag of announcements are due. Based on the article I've pasted a link to below, I'd say they're selling all their under performing shares to cash up. If anyone uses a full service broker I'd be interested to find out which broker is doing the selling & if that is 1 of the brokers amp uses. They have this info on their screens.
If this seller wasn't around our sp would have to be 40c+ to soak up all the buyers.
