Significant selling by Kevin Seymour over the past few days has...

Significant selling by Kevin Seymour over the past few days has weighed heavily on TTS not to mention it also went ex-dividend today.

Seymour has held well over 40 million shares mainly through the Unitab takeover. Given he's a very big property player maybe he has personal financial reasons to liquidate some of his TTS holding.

TTS has defensive earnings and a conservatively geared balance sheet and the current weakness should be temporary - the price should recover once Seymour ceases selling down.