Smart money?? Maybe margin calls?
The major shareholders appear to be not selling.
Comparing the latest top 100 shareholder list with one a few weeks ago,the action appears to be nearly all Leveraged Equities driven.One LE a/c has gone from 1,364,257 to 6,678,844 while other LE a/cs have disappeared.
The SP is still up on the more important 200 MA.
I still can't work out where the PGW holding went to.
Not a lot of news from HNZ of late.I expect we will be brought up to date at next Friday's agm.