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Macod

10/02/17 10:38 AM

#113219 RE: Serpico2005 #113209

The market was expecting a further O/S reduction as previously indicated. The 1.4 Billion reduction was underwhelming since it really just gets the structure back to O/S levels from one year ago at 2.4 Billion.

The share price is just adjusting based on the updated SS.