early churn, page-26

Yeah, I agree with Mookie and the reason for the Wor downgrade primarily Aussie dollar. Same sort of business, fair guess to think NMS has also been affected to some degree.

Also, market generally may be getting a bit skittish, so not surprising if someone wants to take profit and sit out for a little while.

The good SP recovery took a while to kick in, given the great (company - not SP) performance during the crisis itself. If you bought prior to the recent run-up there was quite a good profit to have taken off the table.