Ann: Appendix 4E and FY21 Financial Report, page-41

An interesting observation Ozjin.

I have prepared here a comparison table of the top 20 CDY share holdings at August 2020 and 2021 and provided a list of changes. The only reduction in holding, as named at least, is with Direct Capital Group but I believe that holding is in fact accommodated in the 2021 list under a different denomination.

The cut off point for the 2021 holding is 1,500,000 shares so those shown as holding less than that in the 2020 list may still hold that amount, or more, in 2021 but simply don’t appear in the 2021 list.

Since the cut off point in 2020 was 774,474 those shown in 2021 that were not in the 2020 list would have needed at least that amount to have appeared then. They are shown at bottom here and would have therefore acquired at least the amount shown with a ‘+’ sign next to it next to the name.

In short, there is no evidence of any selling by the top 20 in the last year, rather it seems some significant additions, and there are some particular instances of substantial accumulation.

poorinvestor