An acquisition, take over or a history of beating guidance.
The market obviously rates RXP as competent but not compelling.
I don't blame management, it's a tough market at present. The share price is up 50% YTD after a major disappointment. Takes time to mend fences.
PS Pie were still showing RXP in their top 5 in the growth fund in April. I think they are frustrated too.
https://www.piefunds.co.nz/assets/n...ter-May-2017/Monthly-Fact-Sheets-May-2017.pdf
Ann: Ceasing to be a substantial holder, page-10
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