Mystery TNT trader yields on $2m gain

The mysterious trader in TNT Ltd options - the so-called Mr Mark Booth - has agreed to the Federal Court's orders for the Australian Securities Commission to seize the $1.98 million profit he made from his $90,000 investment, according to his brokers.

In recent written correspondence to his stockbroker Ord Minnett Ltd, Mr Booth said he would comply with the court's orders and also with recommendations by the Australian Securities Commission that the money be used to compensate the sellers of the November 1996 $2.00 call options.