elph man lightens holding

Dale Elphinstone,a long time buyer in coa scrip/stock
has reduced his (elph pty ltd)holding from 7.5% to 6.35% or 14,702,497 to 13,445,531 disposing of 1 million shares.

see today's 604 notice!!!

Just makes you wonder if the growth in eps will come about with the recent number of ompany acquisitions undertaken by coa

if he wasn't a seller in the past(?) it just makes you wonder what would prompt him to offload 1m shares when the sector outlook looks ok for at least the next 2 to 4 years given the significant govt expenditure and infrastructure projects in the pipeline

Dale Elphinstone
Commenced 21/10/1968
Apprentice Mechanic
Diesel Mechanic
Field Serviceman
Designed & Developed "Elphinstone" Undeground Mining
Managing Director / Dealer Principal William Adams Pty Ltd