The proportion of capital owned by the top 10 shareholders...

The proportion of capital owned by the top 10 shareholders continues to increase, with ANZ Nominees adding another 117k shares in the last week. The top 10 now owns 48.5% of the company. This has been increasing steadily at least since 22 Feb, when it was 47.43%. Okay, it's not a big increase, but that figure is rising while the SP falls. I can only conclude that the buyers in the top 10 believe that the sellers are chumps and are more than happy to collect their shares at lower and lower prices.

Pezz

Effective 29 March 2005
No. Shareholder %
1 QinetiQ Limited No. of Shares 25,646,426 11.69
2 ANZ Nominees Limited No. of Shares 22,000,226 10.03
3 Gavin Rezos No. of Shares 11,291,282 5.15
4 Westpac Custodian Nominees Limited No. of Shares 10,711,135 4.88
5 QinetiQ Group PLC No. of Shares 10,053,203 4.58
6 National Nominees Limited No. of Shares 8,521,725 3.89
7 Dr Roger Aston No. of Shares 7,093,586 3.23
8 Absolute Return Europe Fund No. of Shares 4,000,000 1.82
9 Prof Leigh Canham No. of Shares 3,909,579 1.78
10 Berkshire Nominees Pty Ltd No. of Shares 3,179,668 1.45
Total no. of shares 106,406,830 48.5
Issued Capital
•219,312,166 shares on issue
•15,659,537 unlisted options