post emergent sales are off the scale, page-42

Just got the latest Top 20 sharelisting from the NUF - supposed to be as at 30/6. Top 20 now at 70% vs 75%

Compared to Sept last year the major changes have been:

HSBC Nominees up 1.5% to 13.9%

JP Morgan down 1.5% to 10.9%

Nat Nominees up 0.5% to 10.1%

Rathbone at 12.9% as announced

Amalgamated Dairies unchanged in absolute shareholding

ANZ Nominees down 1.8% to 2.1%

UBS are now out of Top 20 from 1.5%, so have at least gone down over 1%.

New additions include Queensland Investment Corp at 1.1% and RBC Dexia at 0.7%

So nothing too significant with the Top 20 - the fact that Rathbone sold down and Amalgamated didn't take up new shares drove the Top 20 falling from 75% to 70%. Interesting to see total shareholders now at 14,977 vs 9,929 LY - big jump!