They certainly gave me the run around this morning. On an...

They certainly gave me the run around this morning.

On an earlier subject, with the end of the financial year coming up, it occurs to me that the other elephant in the room in question of "why people would be selling at these prices" is e.

(e) Some of us who hold our shares in Account Based Pension Funds in our SMSF get all our gains tax free provided we pay ourselves a pension each year.. The percentage of the balance held in the fund that has to be paid out is currently half what it normally is (5% rising to 6%) due to covid but it's still adds a chunk to the sell side in the lead up to 30/06. Fortunately you can reinvest it outside the fund if you have no immediate need for the cash. There would be many other good reasons for selling in spite of the fact that holding is the best thing to do from an investment only perspective.

Let's hope Lachlan kicks out as much good news as possible before the middle of June.