I noticed there was a largish P1XT trade in BSA this morning.
That is a trade where a fund manager sells shares from one of its funds to another of its funds.
BSA has four substantial share holders but probably only three are possibilities for this trade.
NAOS is one of them with a substantial holding in BSA, if I recall correctly, via its NCC fund.
I wonder whether this BSA trade is NAOS swapping some of their BSA holding into NSC?
Of course other possibilities are open as to who traded the shares and their destination - time will tell.
BSA seems to specialize in doing large amounts of work for very little profit.
It is a turnaround that proceeds at glacial pace.
Cheers
NSC Price at posting:
89.5¢ Sentiment: None Disclosure: Held
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