Ann: Change in substantial holding, page-4

Between Spheria and IOOF they have a whisker over 17% built up in the past few month and we see next to no increase in the price, Why?
Last year's annual report did not feature either of these two holding so who has been selling? It must be the smaller holders disillusioned with current price.
The significant holders from last year must have changed a bit as a result of the capital raising but they look like being still there, now add our two newcomers and the top 7 holders control roughly half the shares on issue.
It looks like we will have to wait for the next annual report for some financial figures and maybe some increase in share price.
Historically we see a bit of a jump in price around end of August to mid September before slipping back a bit.
This year's annual report should be a ripper reflecting the increase in sales through restructuring and the full impact of Matso's along with progress with the Caning line and the Redfern tap House.