Obviously some big holder selling down. Wait for the substantial holder notice.
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Chairman Chris Moller to step down at end of the year.
http://www.nzherald.co.nz/business/n...ectid=11883017
Buy time...
Rob Campbell joining the Board as Chairman is actually one good reason to buy - his track record at THL, Precinct and Summerset is absolutely superb.
Any sell down of this size usually involves the one seller needing to discount down to a level where other sizeable buyers will find attractive to 'help' relieve the seller.