Paytrade,I had a look at the top 20 and saw some trends...

Paytrade,

I had a look at the top 20 and saw some trends continuing.

The top 20's holding of overall shares increased a little but still sits just below 70%.

The HSBC entities continued to increase their holdings in EXT. From Aug 15 to Sep 13 they added 2,028,900 EXT shares and they now own nearly 15% of the company (14.87% to be exact). In March they held 9% so it is clearly a slow accumulation. Is it merely an investment or is there some other agenda?

Citicorp dropped a little over 300K of shares which is a reversal because all previous months they had increased their holding. This time they let go nearly 10% of their holding.

Both UBS entities left the top 20 and another Ironside entity entered.

ANZ nominees slowed their selling and are still in the top 20. They sold 219,582 shares but I actually expected they would be gone forever by now. They still hold a little over 1 million shares which is about the same amount that Harlee holds.