I suspect that there is an overhang in SOL and that there will be a steady stream exiting slowly. The next big wave will be after the 19 of November as the MLT shareholdersvwill have held SOL for 45 days so can get the franking credits. If you look at the orders they seem to stack up small orders and they just leave them littering the page. No waiting and letting anything build. I suspect that SOL management didn't care and suspected that this would happen. The holders of MLT were holding a LIC not a hybrid investment vehicle. Essentially many won't want the risk of a single company. I am not sure if it is a buying opportunity but the nature of SOL for my purposes has been significantly strengthened. A portfolio of stocks to provide income to take up opportunities. The only drawback is that the MLT investments paid virtually everything out to shareholders so not much left each year.
SOL Price at posting:
$34.48 Sentiment: None Disclosure: Held
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