As of 21/09/18, not too long ago: {colgroup}...

As of 21/09/18, not too long ago:

	Column 1	Column 2	Column 3	Column 4
0	{colgroup}
1	{col=138x@}{/col}{col=100x@}{/col}{col=147x@}{/col}{col=100x@}{/col}{col=100x@}{/col}
2	{/colgroup}
3	1	MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED	85,538,696	5.1
4	2	J P MORGAN NOMINEES AUSTRALIA LIMITED	83,072,323	4.95
5	3	CITICORP NOMINEES PTY LIMITED	59,910,148	3.57
6	4	UBS NOMINEES PTY LTD	41,341,020	2.47

Merill Lynch is account holder for Regal Funds.

JP Morgans is account holder for Terra Capital Natural Resources Fund.

CitiCorp and UBS is account holder for Tribecca Investment Partners.

All three funds appear to still hold $1m+ positions in ADV. Their cost-basis is 1.3 so almost -50% down now. Why are they still holding?

As for the chart, it appears to have hit a very long-term trend line support. See how this holds.



Results should be out anytime in the next few weeks. Could be good value here.