Firstly it is good to see that the top 20 is stronger than it was last year but still is only 34%.
But there are some new listings that are of interest: Cogent Nominees Bond Street Nom - that is Macquarie I believe Avatar Equities - the sole director is Thomas Fontaine who was the founding director of Pure Energy R&R Corbett - Roger Corbett of Woolies fame RBC Dexia Investor Services - being Royal Bank of Canada Dilan Corp
Also it is pleasing to note that half of the increase in the total number of shares over the last year can be attributed to either new entants to the top 20 or increases by those that remain from last year.
The cut off to be in the top 20 has also increased 350k and Stephen Mitchell only just scraps in at no. 20.
MPO Price at posting:
$1.01 Sentiment: Buy Disclosure: Held