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7.8¢ tap oil limited

Ann: December 2016 Quarterly Report, page-54

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KSD

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24/02/17

10:26

Post #: 22870406
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Originally posted by UZNBUZ ↑

Gerard - firstly, thanks to the company for updating it !

I am much more optimistic after seeing it - the changes over the past 6-9 months are very minimal.

Top 3 holders have barely moved
- Risco 22.58% to 22.22%
- Chatchai 15.62% to 15.25%
- M&G 13.64% to 13.01%
- NGP 7.91% to 8.02%
- jp Morgan have increased their holding 0.67% to 1.06%
- Beira, Toltec, d Kurl have entered the Top 20 and the previous bottom 3 have dropped out but not necessarily sold any shares.

So, it seems like the turnover that we are seeing is 'churn' - open to conjecture why this is happening !

Both major shareholders seem to be taking advantage of the "creep rule" whereby they can increase holding over 20% by 3% every 6 months without having to make a takeover offer to all shareholders.

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i emailed the company about a week ago and asked for an updated Top 20 list to be published. Seems they are quite quick in doing so if prodded.

TAP Price at posting: 8.7¢ Sentiment: Hold Disclosure: Held
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