Announcement driven., page-26

The CEO is a moron that sold her entire stockholdings. Director ownership IS an aspect of fundamentals. Something drastic has changed, the CEO of the company has no skin in the game and despite having a salary with which she could get a low-interest personal loan of over 10 million $ if she wanted, decided it was better to sell her entire stockholding in the company she was running to pay a $5 million dollar responsibility. Two options, she's either horrific at managing her finances, significantly worse than the average investor, or sold because she thought the return would be lower than the interest bill on a short term loan.

I'm holding this, but this was one the worst actions by a CEO of a major Australian company I have seen in a long time. She should not be running an 8 billion dollar company if she's this much of a moron. It doesn't help that all other changes in director holdings have been sells recently either.