I think it must be Solomon Lew of Premier Investments (PMV). One of Australia's ritchest men and long-time 13% holder of API. He is reknown for creative tactics etc to achieve his goals. Look at the David Jones situation for example. I attended the most recent AGM and Solomon (via his representative) lodged huge protest votes against a number of resolutions including the two new directors and performance rights to CEO Stephen Roche. He has stated publicly he is unhappy with the way the business is being run (ref Australian article 30th Jan 15). Not sure what his issue is as all appears fantastic to me. Dont be surprised if he is buying up big time looking at takeover or major increase in stake. The only other possibility is maybe Washington H Soul Pattinson upping the anti. They certainly have the cash. Either way, someone is accruing this at 1 million shares a day. Us everyday punters and long-term believers are just sitting back enjoying the ride.
API Price at posting:
$1.66 Sentiment: Buy Disclosure: Held