ACC now holding around 10.9m. Thats around $37k worth. Every 0.001 drop is peanuts to ACC - so they are probably a biit like Hanover investors: probably reckon there holding is now nothing worth thinking about. But it would be nice to know what they bought in at.
I don't think they will either - I'd imagine they would have the Receptionist monitoring ALF during her tea break. Actually that figure is just theri NZ equities. Total ACC investements for reserves are around $10,750m. $650k would hardly register a blip and they would make more by getting a Benny off the compo.
Mini just wondering where you source your figures?
Usually a variety of sources - in this case the Companies Office (so there may be delays in them updating their records??) and the ACC Annual report. Buying a down trending stock would be an interesting play by ACC - especially if they are buying small amounts.
16m shares still only gives them 0.8% holding (best check my math!)
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