First Samuel held 52.6m shares in their Managed Discretionary Account. Took them 5 months to off load 1m.
You'd have to question why they did it but according to their MDA blurb https://www.firstsamuel.com.au/getting-your-investments-in-order/, they either consider ELE expensive on an individual stock basis or a dud.
1m hardly makes a dint in their holding and they are now sub 5% with 51m shares and no reporting obligations. It seems likely they will continue to reduce.
Add to My Watchlist
What is My Watchlist?