If you go back through the announcements you will see that directors have an interest at 4.50. Some have also topped up since then at 5.90's.
Possibly concerns not only about insurance issues but also potential bad debts.
ANZ went down 7% over those concerns even though they are still making good money ($1.5 B).
Bank West also having issues with bad debts in NSW and QLD.
These are just some of the stories over the last week or so.
Also storms in the early part of 2009 will hurt bottom line.
I hope they get a CEO soon to get this company back on track. The lack of leadership would also be a concern for the big invetors.
big cross trades, page-29
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