The other director who has a margin loan over TSE shares...

The other director who has a margin loan over TSE shares is

Director Peter Lawrence Watson:
Direct Holding: 920,000 shares held as security pursuant to Margin Lending Facility outlined in “Part 2 (1)” below.(Margin Lending Loan between Peter Lawrence Watson and BT Financial Group.)

Direct Holding: 628,441 shares held as security pursuant to Margin Lending Facility outlined in “Part 2 (2)” below. (Margin Lending Loan between Peter Lawrence Watson and BT Financial Group)

Hopefully the margin cover of the 2.9 Millions shares (between the two directors) held in margin loans is not at risk with the current share price falls - and that the share price falls are just a rerating of the company PER given the forecast poorer returns. Looking at the recent directors share interest announcements, it would seem that the bulk of these holdings were acquired at lower prices than what we are seeing. However, that in itself doesnt guarantee that the margin loan is not subsequently highly geared.

For those who dont understand how all this could affect the share price, do some reading into ABC Learning and also Opus Prime.

Be great if the share price could actually go up one day - and make all this trouble disappear!

J.

Love to see some other views