OZ Wolv,this extract below I beleive describes what has been...

OZ Wolv,
this extract below I beleive describes what has been happening over the last 12-18 months. Based on last disclosure LD will be due for another large purchase of no more than 3% of issued capital some time in Jan or Feb next year. It makes sense too with nearly a 2:1 ratio of liquid assets to market capitalisation. I think we should look for continued accumulation over the next year by Lindsay (who currently holds about 26% of issued capital)and then a sale of the stake in say EME and a special dividend payment of what could be effectivly 100% percent at todays share price..........all speculation of course...

"Creeping acquisition - Acquisitions by a person who has continuously throughout the preceding six months held voting power of at least 19% in a company provided that, as a result of the
acquisition, they would not increase their stake to more than 3% higher than they had six months before the acquisition. This method is usually only used where the acquirer is prepared to build a
strategic stake in the target over a period of years or for small re-adjustments."