The first thing I'll be doing when the Annual Report is released...

The first thing I'll be doing when the Annual Report is released next Friday 19Mar is to look at the Top20 shareholder listing to see how many shares are held outside the Top20 - it was 142mil last year and the consolidation last Sept would have brought that down to 120mil - and then there was a $50mil share buyback where they bought back 27.4mil shares mainly in Q4 last year. If Top20 weren't selling then that number could be under 95mil shares and it is expected that they will do a $100mil buyback in Q2 this year which could mean another 58mil shares are bought back at today's price. I'm thinking the share register could get very tight after that but it hasn't deterred the 'shorts' that currently 'owe' 24mil shares and are increasing that amount each day. It all depends on whether the Top20 feed shares into these buybacks.