General Discussion, page-800

When I listen to Simon Hay interview, he seems to be very confident about price reversal and both Simon and Brendan Borg (BOD) bought more share in the market to prove that LLL is significantly undervalued.

It is ideal to see top 20 shareholders like HSBC, CITY, JP Morgan, BNP Paribas and Merrill Lynch in your share register and they account for almost 60% of total SOI, however I can't understand why the price is still heading South (almost -50% from IPO issue price) as top 20 holders haven't moved an inch (except FFX selling for capital requirement) or is this intentional to test all lose hands out of register or am I missing something (?)

2 HSBC CUSTODY NOMINEES <AUSTRALIA> 143,420,306 11.98
3. CITICORP NOMINEES PTY LIMITED 50,999,444 4.26
4. J P MORGAN NOMINEES AUSTRALIA PTY LIMITED 50,925,268 4.25
5. BNP PARIBAS NOMS PTY LTD <DRP> 32,861,247 2.74
6. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED - A/C 2 26,239,199 2.19
7. NATIONAL NOMINEES LIMITED 19,247,944 1.61
8. BNP PARIBAS NOMINEES PTY LTD ACF CLEARSTREAM 18,358,626 1.53
9. BNP PARIBAS NOMINEES PTY LTD <IB AU NOMS RETAILCLIENT DRP> 18,241,062 1.52
10. UBS NOMINEES PTY LTD 16,996,735 1.42
11. WASHINGTON H SOUL PATTINSON & CO LTD 15,002,835 1.25
12. MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED 12,761,053 1.07
13. BNP PARIBAS NOMINEE