Perpetual keeps buying McGrath (and so does John)

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McGrath disclosures today:

erwq argae

They’ve managed to lift the share between them:

wt2q

Sydney property is likely to get worse before it gets better so this looks like good money after bad for PPT. McGrath just cashed out at $2.10, leaving the firm undercapitalised for its plans, so what’s he got to lose?

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.