Its taken about 10-hours to compile the information and run it through my system and figure it all out. So here it goes as promised;
I'll start by just posting out the T20's and explain in more detail below. I've blanked out names beyond the T20 as I don't feel its fair to reveal their identities especially as its not an ASX requirement for companies to post beyond T20.
Orange highlight = Sellers
Blue highlight = Topping up
Green highlight = New names entering into the register
This is from a previous post; Changes in T20 from Annual Report 2018 to 05/10/2018
Sellers here was AWJ which I could no longer see on T20. Everyone else was adding. I suspected this was essentially due to the drastic drop in our property market. AWJ owns the largest property developer in Brisbane so likely he wanted to cash in some chips here. If you look on the chart that huge volume spike on 21st September 2018 was likely him.
This is the changes in T20 from 05/10/2018 to 10/05/2019 about 7months.
Now let me begin explaining as to what I see.
1. Steinepreis have been buying the crap out of it. What I didn't reveal in previous post was I noticed Steinepreis was adding on three of his accounts in 2018. However as he was not in the T20 I felt it wasn't right for me to talk about it. He's now added 1Million into his family account, and holds in other accounts as well. I've followed these guys into other shells which has done well for me. TAR did 5bags, AVZ they were running it with Klaus did almost 40bags from the time they got involved.
2. In the blanked names (T50) there has been very little selling, largest parcel sold in T50 was 40k. However many in the T50 have been adding surplus of 100K parcels. (blue and green highlight).
3. This was the tricky bit, Argonaut's account was short 2.5M shares. I knew they couldn't have sold all that on market, so took a while to dig around each name and had to go back quite a few years to realise majority of the shares were likely moved into Beelong Pty Ltd (No. 3 on the list) who is an Argonaut client. Reason for this is have a look at the T20's of PMY in 2010, EXR in 2010, TPS (East Africa Resources) 2014, VRS in 2011 all which have Argonaut and Beelong as large holders. So both Perishing clearing accounts (Argonaut, Patersons) have had shares move into individual client accounts. So it makes it quite difficult to really see how much has been sold/bought.
Argonaut account is missing 2.5M, of this 1.4M has gone to Beelong, which leaves 1.1M floating around (sold or moved?).
Perishing Clearing for Patersons is short about 700K shares, once again could've been sold or moved into client accounts cant tell.
4. HSBC Noms have added 677K, once again a nominee account so hard to tell where it came from, could've been buying or could've been moved from Perishing. So I don't think much of it.
5. Cantori and DRFT who are friends of Apollo have been adding aggressively.
6. Bennelong Resource Capital have been the largest additions taking almost a subholding position. These guys are long term investors with their head office in London. They won't be selling for a few years according to their website. (
https://www.bennelongventurecap.com/take-action). Looks like they'll be assisting Apollo into the acquisition. They've never taken a stake in T20 on ASX, so this is their first, which leads me to believe they'll be having a say into what is acquired.
7. There is also a bloke in the T50 who has split his holdings into 2 accounts and holds enough to be in Top 15. He is an associate of Glenn Whiddon (6466 Investments).
Finally; comparing the T20 from IPO inception to 10/05/19
Sellers you've had is from Perishing Clearing accounts so hard to tell if this is selling or moving and GP, Worldpower .
Sellers you've had from Apollo's group is AWJ (completely out last year), Dogmeat (-40k), Verve (-60k) which has been well outnumbered by those who have been adding.
T20 has gone from holding 41% to 52%.
Apollos group of associates has gone from holding 24% to to 32% so basically one third of the company is held by their mates.
For those curious on exactly who is associated with Apollo here is the list I have.
Once again I have no sentiment. Everyone should buy and sell based on their own risk appetite. I'm just posting objectively on the movements in the T20. Its upto the individual to decide if what they see is a good or bad thing. I'll reserve my opinion since anything optimistic I post with a heart is automatically classified as "pumping" to bring sheep to slaughter lol. Just remember everything I touch is generally quite high risk.
Cheers
(20min delay)