Hi Guys,
FWIW, I don't think the ex-director is selling much, if at all.
For all of last week, some 2.33m share sold. Of these 211k were sold through Morgans, 200k through Hartleys and 157k via Pattos. The rest were through a multitude of brokers in sub-100k size.
The point being is that no broker dominated the selling at all. So the conspiracy theory of ex-director sales pushing the sp down has little or no validity...at least for last week.
I'll let you know if I start seeing meaningful (suspicious) sales through a single portal.
SP is simply suffering news void attrition seasoned with some tax loss selling. Fundamentals still good; value at sp = great.
Cheers
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Hi Guys,FWIW, I don't think the ex-director is selling much, if...
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