I think people can also over complicate a pretty simple thing.
There is a lot of fear out there and some will be taking cash to wait the turmoil of the larger markets out.
It appears (to me) that others are happy to buy coz they have less fear; this is especially true of Fund Managers... heck it is not even there money...
KEY will rise of its own accord, fundamentally the company is getting more valuable and it will be realised... it always is but often takes time.
My view is certainly past 12 months.
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