This was what Mark Allison stated when queried about the private investor briefings in February :
”Outgoing Elders Ltd boss Mark Allison has doubled down on assertions that a pair of private investor briefings should not have caused his company’s shares to drop 7 per cent in two days.
Allison told Street Talk there was nothing new in the briefings, which were arranged by stockbrokers CLSA and Taylor Collison for institutional investor clients, and was puzzled by his company’s share price fall on Tuesday afternoon and Wednesday morning.”
Im now thinking he actually meant that he was surprised that the share price ONLY dropped 7% and that it should have probably dropped more based on the ‘private’ investor briefings!!
With the benefit of hindsight, his earlier comments now look extremely misleading, inappropriate and clearly very very wrong!
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