the housing bubble

Look like the house bubble is going to really come apart.ortgage Choice Limited (MOC) today announced that co-founders Perter Higgins and Rod Higgins have notified the company that they have reduced their personal shareholdings in Mortgage Choice by selling 13.7 million shares at $1.40 per share.


The company said this represents approximately 12% of the issued capital of Mortgage Choice and 25% of the Higgins’ holding. The company advised that a range of institutional investors, and by Mortgage Choice non-executive director Mr Steve Jermyn have acquired the shares.

Mortgage Choice said Peter Higgins advised the company that the reasons he and his brother sold the shares were to diversify their investments and to increase liquidity in the stock for the benefit of all shareholders.

“Mr Higgins has told the company that he and his brother remain confident about the company’s growth prospects and have no current intention to sell further shares,” the company said.

Managing director Mr Paul Lahiff said he was delighted with the institutional support for Mortgage Choice and looks forward to Peter and Rod’s continued contribution to the company as non-executive directors and major shareholders