Hi Linaker,I have noticed a 20% drop off of Major shareholdings...

Hi Linaker,

I have noticed a 20% drop off of Major shareholdings since August 05. (Major shareholders owned 40% of ADY's shares in Aug 05).

I suppose this would be normal over this period of time, especially since the previous 12 months turmoil.

I have searched the Net for ADY's Major shareholders and found that the following had holding in JULY 08.

1. HSBC had 2 holding of 8.78% + 4.47% now 2.75%..Down
2. ANZ had a holding of 5.81% now 4.29%......Down
3. National Nominees had 3.74% now 1.32%.....Down
4. Citicorp had 2.91% now 2.95% ....UP!

I would expect that these Big Holders would have needed to free up their cash, and keep their exposure minimal in most sectors.