Hi Stu. Fair question. Large stakes when sold as a block...

Hi Stu. Fair question. Large stakes when sold as a block typically are at a discount, so that's how I'll rationalise it. Looks like a cosy 'related party' situation was in force here as is often seen, but a new manager is set to take over the entity that sold the shares. So the driver here may not be related to AOF, but the related party property fund that held them, or possibly the potential new owner who did not want to hold a 'legacy' Australian Unity investment? It is hard to see how the existing entity could sell without the permission of the incoming manager, so I conclude it is them wanting to start with a clean slate.