wilcox coolangatta, page-33

Tt200: Whats worse is the smaller holders are likely to profit take (sell their shares on issuance), whereas the larger holders would have been more likely to hold them for the long term.

Tt2000 On what grounds do you base the above opinion????
Just because some people like myself have lesser means they are not lesser value investors.
It is precisely because I have lesser means I invest long term and keep on accumulating very gradually (and am very greatful to managment for this last SPP).
My short term trader friends (with greater means) on the other hand tend to buy/sell large ammounts (as brokerage and CGT need to be offset)and dump after a few % gains.
Warm regards
Lucky8