Grumpy 'Mr Market' usually doesn't like Directors selling, but Mr Stewart retains at market value about A$20 million in scrip, so he continues to be extremely closely aligned to institutional and retail holders.
The sale could have been due to tax obligations or to assist a relative with a property purchase, who knows, but it was a minor percentage of the gent's holdings.
SNL has been the second best performer in my portfolio in the past few months so well done, Mr Stewart. I couldn't possibly imagine any rational holder being disappointed with SNL's growth in NPAT and ongoing hopefully good prospects, even though every day we have Labor/Greens Federal and State governments working against our collective interests.
SNL Price at posting:
$30.18 Sentiment: Hold Disclosure: Held
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