Ann: Change of Director's Interest Notice, page-13

I like to use the word unnatural. I have noticed some unnatural trading in MBH for a little while. From the outside looking in, it appears to be someone's attempt to accumulate shares while making it look like the share price is falling to capture some weak hands. My personal view is that MBH is due for a substantial rerate higher. That will be as a result of organic growth but I am also anticipating some corporate action, not in the form of a Paris Creek sale, rather I see MBH as an acquirer of synergistic bolt-ons in the ecommerce space. The group's centralised ecommerce capability has become a powerful force, IMO.