TSE what is happening?, page-32

The sell down by the industry super funds on the purported basis of detention center concerns is questionable to say the least. These funds bought TSE and financially benefited from the uplift in SP from the awarding of the detention center contract to TSE. Then, when it was realised no dividend again, they sold their stock. They need to disclose if they booked a cap gain on the stock. Surprises me they sold down just before the announcement, but kept the stock all this time TSE was managing the detention centers.

Typically left wing unions pretending it was based on moral grounds. I speculate if a dividend was imminent they wouldn't sold down.