The 10m whole parcel was moved upon allocation, looks like a...

  1. 72 Posts.
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    The 10m whole parcel was moved upon allocation, looks like a block trade to an insto and due to timing looks like it was organised prior to the allocation.

    I don't know why everyone is freaking out about it, the way i see it:
    - Those performance shares vest and you need to pay tax, these guys aren't earning enough to cover
    - Directors are more than aware of concentration risk of their own assets, not unsurprising to see a selldown, happens very regularly

    Remember, instos just got their shares allocated today too, there was always going to be a sell-down no matter what, expect downward pressure to continue until the announcement
 
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