Quote Originally Posted by Snoopy View Post
Westpac run a wealth management business where they manage fund based share portfolios on behalf of clients. Despite only holding a minority stake in what used to be a fully owned wealth management subsidiary, BT, BT is still classed as a 'related corporate body' to Westpac (apparently!). Thus if BT make changes to their clients portfolios, then Westpac must report this to the NZX. All these funds will be in trust for clients. So I expect that selling 30m ATM shares will make not one jot of difference to shareholders in 'Westpac Group'. It was probably a smart move on BT's part though. I don't think that the A2 company will be able to get hold of enough 'A2 milk raw product' to drive the volumes of sales and future profits that an A2 share price nearing $4 implies.

SNOOPY
Thanks Snoopy, very helpful. I imagine there could be quite a drop in SP if they miss their future targets.