The following is taken from Paradice Investment Management...

The following is taken from Paradice Investment Management website

"We aim to buy shares which we believe are underpriced and expect to grow at rates greater than the market. Our strategy is to favour well-managed, good value companies that have significant growth opportunities through their comparative advantage. This comparative advantage can be via a combination of a better product or service, a more efficient organisational model, a favourable niche or a commanding leadership position within their industry. In our view, a good business requires good products and services and good execution."

That Paradice are selling down in PLA is telling me that PLA does not meet one or more of the above criteria. My interpretation, please do your own research.