Have been looking for an updated T20, and below are my findings based on the new T20 as at 13 March 2020 vs the old one as at 28 Oct 2019
+Ves:
-> Top20 increased from 40.26% to 46.34%, not a massive increase but still good to see the register tighten further and further
-> CITICORP NOMINEES PTY LIMITED increased to ~11%, an increase of 190mil which is great to see
-> Twynam back at #2, acquiring 50mil since they ceased to be sub holder
-> Harmanis at #3, acquiring 56mil
-> New holder McCusker Holdings acquiring 116mil
-> Brad Bolin, Atlas, DG, Roger and Orimco are sitting tight on their holdings
-> No new shares issued to Terrativa yet (no 3Bs issued and no changes in total shares) and no disposals from them either
-> There have been some big moves recently including the 70mil at 1.3c, 30mil at 1.2c, 40mil single order at 1c (which all are already included in the new T20), 40mil in 2 orders at 0.6c (not included in the new T20), so I expect the register would tighten even more as we go forward. Looks like some scooping going on by these biggies based on current market conditions and upcoming consolidation
-> Brad Bolin and Rojul increased their OC options
-Ves:
-> MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED gone completely disposing most of their 150mil shares, might've been the main dumper since early Dec downturn
-> Same with CS FOURTH NOMINEES PTY LIMITED disposing 55mil shares
-> LC Capital still holding all their 40mil shares, but dumped all of their OC options at 0.5c, as I suspected on 1st Oct, basically the day which killed momentum on OCs
Since 13March when this T20 was recorded, approx 130mil heads and 22mil OCs exchanged hands
Overall I am feeling +ve about the register. No doubt, there would be headwinds further because of the covid virus and consolidation. But based on what I see so far, with approx 7.2mil cash (not massive, but much better than most specs) at the end of March, I still think the company is worth more than its current MC of 19mil. Unless all spec investors run to the doors like in GFC wiping out spec businesses completely.
Fingers crossed that's not the case! All IMO and please DYOR.
CTM Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)