analysis of top 20 changes & conclusions, page-60

JULY Top 20

Rank Name No. %
1. NATIONAL NOMINEES LIMITED 171,895,572 8.32
2. MR ANDREW WINSTON DOYLE 151,065,353 7.32
3. MR JAMES MICHAEL O'DWYER 57,011,770 2.76
4. PENSON VERITAS ACCOUNT 56,250,000 2.72
5. MALCO (PNG) LIMITED 50,724,658 2.46
6. DUTCHESS 42,614,736 2.06
7. TRAVIS REDDY + ELINA REDDY 40,650,794 1.97
8. MR KAI LIU 35,000,000 1.7
9. HSBC CUSTODY NOMINEES 33,763,574 1.64
10. CITICORP NOMINEES 32,751,643 1.59
11. O'DWYER INVESTMENTS PTY LTD 23,687,184 1.15
12. MR + MRS O'BRIEN 21,000,000 1.02
13. ATLANTIC INVESTMENT 20,000,000 0.97
14. MR PAUL JEREMY HAY 17,817,681 0.86
15. MR PHILIP GLENN BAILEY 16,945,077 0.82
16. MR ROBERT WILSON 14,412,767 0.7
17. JP MORGAN CASH INCOME 13,286,606 0.64
18. MR GORDON MENZIES WILSON 13,032,119 0.63
19. MR RENE ANTHONY VAN DER LAAN 12,404,111 0.6
20. MANNABURRA INVESTMENT 12,000,000 0.58
TOTAL 836,313,645 40.51

My observations;
Increase in ADRs by 3.5m - 3rd month in a row.
AWD increased by 1m as well as a small amount of MSTG.
Dutchess up by 4.8m. I'll bet they'll be down by that amount next month.
Citicorp nominees increased by 1m - 2nd month running.
Paul Hay increased by nearly 2m. - 3rd month running.
JP Morgan Nominees increased by 0.2m.
Rene Van der Laan (new entrant last month), reduced by 126k and John Zarlenga (also new last month) is off. Did he sell 500k or more?

All bar Messrs Van Der Laan and Zarlenga were stable or increased their holding, in a month with a number of good announcements. Top 20 still holding the line......