analysis of top 20 changes & conclusions, page-44

That time of the month again....

Feb Top 20
1. NATIONAL NOMINEES LIMITED 158,457,532 9.06
2. MR ANDREW WINSTON DOYLE 134,081,751 7.66
3. MR JAMES MICHAEL O'DWYER 57,011,770 3.26
4. MALCO (PNG) LIMITED 50,724,658 2.90
5. DUTCHESS OPPORTUNITY FUND II LP 40,614,737 2.32
6. TRAVIS REDDY + ELINA REDDY 37,900,794 2.17
7. MR KAI LIU 35,000,000 2.00
8. CITICORP NOMINEES PTY LIMITED 29,281,661 1.67
9. O'DWYER INVESTMENTS PTY LTD 23,687,184 1.35
10. MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED 16,250,000 0.93
11. ATLANTIC INVESTMENT (AUST) PTY LTD 15,000,000 0.86
12. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 14,308,000 0.82
13. MR MARK PETER O'BRIEN + MRS LOUISE MARGARET MARTHA O'BRIEN 14,000,000 0.80
14. MR PAUL JEREMY HAY 13,385,743 0.77
15. MR STEPHEN PERROTT 12,000,000 0.69
16. RELGAN & CO PTY LTD 11,250,000 0.64
17. MR GORDON MENZIES WILSON 11,032,119 0.63
18. MR PHILIP GLENN BAILEY 10,759,276 0.62
19. MANNABURRA INVESTMENT PTY LTD 10,000,000 0.57
20. DELPHI SYSTEMS PTY LTD 9,500,000 0.54

Changes of note:
AWD up nearly 25m - no new news there
Dutchess up 2m
Virginia Warnecke off the registry after acquiring over 6 months - I assume she was one who whacked the market on the 7th Feb and, again I assume, sold out completely.
Stephen Perrott up 1.5m
Philip Glenn Bailey & Mannaburra Inv both new entrants
Edward Garnet Bunn off the registry after acquiring over 6 months - I assume he was one who whacked the market on the 7th Feb and, again I assume, sold out completely.

Non-changes of Note:
MOD as stated on their website.

Other than that, pretty stable. No other comment from me at this stage.