Ann: Change in substantial holding , page-4

Iona,

The reason that there is so much money to be made in the stock market is that naive people invest money not understanding the market. Furthermore they are unable to read ASX announcements, even when they are blatantly simple. I don't know how the ASX can make these announcements more simple?

For example, today's announcement by MBA said nothing about 'MBA selling down'.

If you read the statement, two of the nominees sold, National and Citicorp.
MBA did not change their holding. If they are nominee holdings, MBA have no say. Incidentally, both nominee companies are Melbourne based.

Just to show how silly your statement is, look at Geoff Bazan, who is a senior investment analyst at MBA. He and his family super fund have maintained their holding.

I hope this helps.

I hold PPX and PXUPA