Ann: Change in substantial holding, page-29

^ is how you take a 'long' view with borrowing stock = accumulation...

2 strong reasons why I don't think a big dump to short is going to occur is:

1: Why would you with all the de-risking + value adding announcements coming? SP is very likely to go up not down.
2: L1 are long with our stock : why would you lend shares to credit Suisse, if they had the objective of wanting to profit and tank the share price. It would go against L1's investment.

I like the recent announcements, very very much.