Some people like to speculate on a 'bottom out' number and give us the wisdom of their hindsight in downplaying this stock. The presentation today confirmed what many of us expected that there is plenty to come in the pipeline and a 50% strike rate on new contracts plus the flow on effects of new projects coming on line make this sell down just a blip on very upwardly moving stock. A major investor selling down can be for all sorts of reasons and probably has little to do with the quality of the stock but other requirements they may have. It's a hopeless task trying to outguess some fund managers and I don't get too concerned about substantial holder notices.
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