carrousel probably out, page-5

It is good that they are out (if my guess Carrousel is the seller is correct) as it was creating an overhang on the price in the medium term.

Short term pain when 10 million shares are dumped but longer term investors will replace them in due course.

They weren't squeezed. They have ridden this since buying into Lion Selection and have made a motza.

They'll be on to the next arbitrage play with the cash in line with their mandate.