top 20, page-7

Thanks very much for posting the new top 20 deaker. I like the look of it very much.

Its worth noting that the top 20 holder lists are not an entirely accurate representation of who the top 20 holders actually are, in that they are the top 20 holding accounts rather than the top 20 beneficial holders. There is a big difference between accounts and holders. There is also a significant difference between holders and beneficial holders.

Two critical differences for those that aren't aware of it are:

a) Any holder which has more than one account is not treated as a single holder but as multiple holders thus some holders whose aggregate balance should see them included are actually excluded because each account is looked at independantly for the purpose of making it into the top 20.

b) There are loads of holders that aren't real people but rather holding accounts which hold the stock on behalf of loads of other people. "Etrade Clearing", "Bell Potter Noms" are examples. If you break out the beneficial holders whose stock is held in these accounts they often wouldn't make it into the list individually or they may hold a different position on the list. These accounts skew the list.


Anyway, just thought I'd make these comments.