Yes, when I said it was relevant, it could either be good or bad in the short-term. Longer term, I think WCL suffers from the perception that it's too tightly held to attract a bid. So, I didn't see Karroll's sale as a negative, nor would I see either Saad's or PT Bumi's sales as negative, unless they dumped them on-market, in which case they could easily swamp the share price. That would be unfortunate and highly unlikely.
So, it's interesting. Before this, I was wondering who of the large holders would sell first. Now, Saad is looking a possibility. As you say, Bumi might want out at some stage, too. If there is a prospect of a player having a realistive prosepct of attaining more than 50%, then I think it could really be game on.
WCL Price at posting:
46.6¢ Sentiment: Buy Disclosure: Held