New top 20, page-40

Hello again for our latest monthly update. Slightly interesting one for this month.



- Although many had no change to share # in their holdings, the percentage fell due to dilution from cap raise. Total top 20 holdings is still 46.19%, down 1.02% from 47.21% last month. Not too bad given our most recent cap raise diluted holdings by about 15%. Total number of shares increased by 12.3 mill, or over 13% of last month's.
- Lots of new entrants, I'm guessing probably from the cap raise. Good see those shares have been held onto. Transamine is definitely missing without any notable holder that looks likely to have taken possession of their shares.
- We see Mr Kenneth Joseph Hall acquiring a massive amount as reported in the substantial holders announcement. One might wander where the other substantial holder (> 5%) holding went. Bring On Retirement (our second substantial holder) actually has a second holding at 19th place which makes up the missing shares.