The recent decline can be largely explained by today's...

The recent decline can be largely explained by today's announcement of a reduction in the holding by Perpetual Trustees.

I have follow this mob's actions for the last few years and I posted recently on another stock that took a hammering because of their selling.

It is my observation that when PPT decide to either quit, or reduce a holding, then that's it! Seems they issue a broker with an "at best" order to sell xxxx amount by a certain date.

The trick is to carefully watch the stock they are dumping and when one is reasonably happy they are finished, or close to, then buy a few. "money for jam" as they say.

The "other" stock I mentioned above is MCP. PPT had a hand in selling the stock down to the 30c-35c level a few weeks ago. Once this "abnormal" price influence has been removed the share price has traded back to 50c.

As I said, I have followed with amusement and amazement the investment style/strategy of PPT for several years now and all I can say is thank Lord I don't trust my funds to them!!