analysis of top 20 changes & conclusions, page-115

Rank Name No. %
1. NATIONAL NOMINEES LIMITED 185,980,560 6.68
2. MR ANDREW WINSTON DOYLE 109,375,824 3.93
3. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 80,611,815 2.9
4. PENSON AUSTRALIA NOMINEES PTY LTD 57,916,667 2.08
5. MR JAMES MICHAEL O'DWYER 57,011,770 2.05
6. TRAVIS REDDY + ELINA REDDY 47,984,127 1.72
7. CITICORP NOMINEES PTY LIMITED 44,514,853 1.6
8. DUTCHESS OPPORTUNITY FUND II LP 42,614,736 1.53
9. MR KAI LIU 35,000,000 1.26
10. BABYROAD PTY LTD 34,859,195 1.25
11. MR PHILIP GLENN BAILEY 33,890,154 1.22
12. MR GORDON MENZIES WILSON 30,032,119 1.08
13. MR PAUL JEREMY HAY 28,310,193 1.02
14. MR STEFAN FRANZ LANDHERR + MRS MIRYANA LANDHERR 25,000,000 0.9
15. MR MARK PETER O'BRIEN + MRS LOUISE MARGARET MARTHA O'BRIEN 25,000,000 0.9
16. MR ANDREW MCNEIL PENNY 25,000,000 0.9
17. MR JOSEPH WAH MUN CHAN + MRS TSANG KIM CHONG CHAN 24,000,000 0.86
18. O'DWYER INVESTMENTS PTY LTD 23,687,184 0.85
19. MR PHILIP GLENN BAILEY 21,161,948 0.76
20. ATLANTIC INVESTMENT (AUST) PTY LTD 20,350,000 0.73

My observations;
Decrease in ADRs by 10k.
HSBC nominees decreased by 14.4m.
Citicorp Nominees down by 100k.
Babyroad - down by just under 0.5m.
Landherrs (new entrant last month), up by 1.7m.

So generally not much to report.

BUT, ASOF took a whole bunch of shares and is not in the list. Suggests they must have sold them.