TU trigan7That department is called a prop desk in the trade,...

TU trigan7

That department is called a prop desk in the trade, short for proprietary trading desk.

They started with 7% a few months back and were selling which was very poorly outlined back on the 27th October 2011. They obviously went under 5% at that time and did not even outline the % then held, just a list of transactions followed by a lengthy contract in a following ann.

They would have somewhere near 200M, probably less and possibly selling now. A good week or two and they would be out once appetite returns, which it seems to have done. Let the buying feast run hard ans short so we can get on with it.
There is a lot of distressed selling going on in Australia right now that I am not talking about here :-) Anybody want a cheap house?

Cheers,
CW