I don't really think profit taking will be delayed until SPP is allocated. Every SPP Allocation went to an existing Shareholder. So anyone wanting to "profit take" can simply sell now and substitute via SPP.
I think most of the SPP uptake would have been Investors rather than Traders. Investors are a more likely to be looking to the Long Term, Dividends &/or Big CapGains, rather than Short Term and fringe profits, IMO.
Traders have left NAGs in the last 3-4 months - bailed. The No of Shareholders in Sept (Ann Rept) was 938 compared to 871 now (in SPP Results Announcement), that is 67 less shareholders than 5 months ago.
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