TBH, I thought this was a piece of crap at the float. Othwerwise why would McGrath do it. I reckon he saw the writing on the wall too. I agree about the fund managers buying the float - that was an appalling decision by them and one wonders whether they were incentivised to come on board at their pension fund members expense. All speculation on my part but it begs the question..
MEA Price at posting:
51.5¢ Sentiment: None Disclosure: Not Held