PPT is a fund manager not a corporate raider. Their holding is in fact likely to be the aggregate of a number of their funds, some with a passive and some with a more active remit. With 9% I’d say at least one of their funds is taking a bit of a punt on nickel if not specifically WSA, but I’d hardly expect it would be what I would call strategic. Don’t be too surprised to see their next notice being a reduction. Have you actually followed the course of these notices by PPT over the years in any company? Or for that matter the notices of any other big fund manager?
WSA Price at posting:
$1.92 Sentiment: Buy Disclosure: Held