Am i concerned HD selling 760k shares on market today? Not really. Loose change given the significant holdings he has in MFG ( CLOSE TO 22M SHARES)
TBH-Feel for the talented superstar fund manager (in my books Aussie best arguably) as this rout in the last 12 months made his billionaire status go away in a hurry.....marriage that did not go well.....savage fund outflows...too many too soon.
A good investor should trust the fund manager and his team plus the strategy they have communicated well over a period of time. If that genuine trust and investment philosophy remains intact-no point in abandoning the ship when it is hitting rough seas.
An inner voice in me says this phoenix will rise from the ashes.
PS: Ramblings of a MFG hardcore believer who bought and topped up his holdings.