Shorters. NAB sold out of AAD last week. So I suspect the large...

Shorters. NAB sold out of AAD last week. So I suspect the large institutions will want to wait and see what penalties, if any, fall upon AAD before they consider its risk profile. There is also too the question of what sort of relationship develops between the new Chairman and the current CEO. Any whiff of poor CEO performance or lapse in credibility and she could well be given the push.

I can't see a compelling reason for AAD to be an attractive buy for sometime to come.