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.
TTS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
