And by the look of the Top 20 and the ' shake up ' it has undergone , there has either already been some serious deal making behind the scenes prior to listing OR there is some ' Dual ' listed entity names being used in the new Top 20 .
I'm leaning towards ' Deal ' making and share swapping / trading because if you have a look at some of the movements it is quite extraordinary.
For instance :-
Mr. David Vigolo went from holding only 40 million or 1.51% to 160 million or 4.14% ( 4 times his previous holding )
Gotha Street Capital currently in No. 3 spot came from nowhere to hold 90 million or 2.33% with Moverly Superannuation who previously held only 20 million in previous 15th placing with .75% ' moverlied ' nicely into joint 3rd spot also with 90 million or 2.33%
Easy Connect also moved from 14th spot previously with 20 million or .75% to No. 5 spot with 80 milllion as did Ms Zuojia Du who was previously in 17th spot with 15 million shares or .57% to sharing No.5 spot also with 80 million shares or 2.07%
So including our ' NEW ' joint No. 1 Top holder in Mr Suraj Premji Sanghani we have ONLY 4 Top 20 from previous with a total of 18 ' NEW ' and refreshed Top 22 ( due to the shared positions there are 22 in the NEW Top 20 )
So , gone are the likes of Pacific Continental , Strat Plan , BBD Custodians , Red Marlin , and Condor Prospecting who were our previous top 5 holders.
However what is really strange is that these 5 Top Holders who were holding a total of
775,502,044 or
29.28% previously. So not only did they appear
NOT to have taken up their 1 for 1 entitlements , they also appear to have re-distributed their holdings
PRIOR to PSL even being re-listed and trading again...... And so I'd like to know how all this was made possible because our current bottom 5 holders in our ' NEW ' Top 20 are each holding 40 million or just over .....
