TA/chart, page-226

A few weeks ago, BNP dropped 700,000 shares but the other BNP nominee added 841,414 shares. Can't draw much conclusion from that. Maybe just shuffling from one account to another.




On the 26th, someone in the Citicorp nominee had their holding drop by 838,889 shares on one day but with very little done since then that shows on the top 20 (might not be up to date ahead of trade settlements). So hard to know if they sold more yesterday and today or it's been retail or someone else selling.
Don't forget there is more than one holder in that nominee. That nominee account also includes our cornerstone investor, not just the holder that sold shares last year. It's impossible to know how many shares the holder that sold on the 26th actually has or whether they will sell any more but the cornerstone investor has over 95million of the shares in that nominee account.



The seller in that nominee stopped selling in Nov last year and there were around 8mill left in that nominee. Did the seller sell all of their shares? Hard to know because there may have been other holders in that nominee account at that time. If there was only one holder in that nominee, they stopped selling with just over 8 mill shares remaining.



Then the cornerstone investor added their shares to that same nominee account, with that holding jumping from just over 8mill to 105mill.
So there is no way to know if it's the same seller from last year in that nominee that sold a few days ago and no way to know how many that previous seller had left, although probably no more than around 8 or 9 million. It's probably not the cornerstone investor selling which is by far the largest holder in that nominee account with over 95 million shares. If it was the other holder in the nominee account and they had 8 or 9 million shares, they might have already dumped a large portion of those yesterday and today.