its been interesting to watch the trading in sxp. i think sxp are a good guide to lincs imminent fortunes.
sxp were pretty solid at 70.5c for the past month and a half but since linc has begun to strengthen over the past week sxp have found less support and drifted to 69c over the same period.
sxp were a great hedge when linc were softening but have since become an unnecessary and less rewarding source of exposure and money has found its way from sxp and into linc.
cheers
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- afr article page 18 not complimentary
afr article page 18 not complimentary, page-15
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