where are the 603s 604s 605s , page-20

IOOF are primarily a super fund manager. They have traded in and out of VPG a few times over the last 5 months.
This is a direct result of clients either closing or moving their cash assets.
It was a very big move up for VPG today, considering the market fell again.

Stock can be bought by many different companies all staying under the 5% radar, but working for the same cause.
Then if/when a takeover is launched, they simply sell their shares into their associates account, and all pat each other on the back ;-)