Following-on from the previous holdings update ending 30 June...

Following-on from the previous holdings update ending 30 June (here), some notable observations* from intel for month ending 29 July:

Previous Potential Lunch-Cutting Suspects (now low/no threat):

• EM (BMM): 11.9% (363.9m). Still unchanged since Aug last year.
• AF: 3.1% (95.8m). Unchanged since his crew stopped offloading during April this year. (I expect the campaign to recommence at higher SP levels.)

Buyers of Note (holdings >10m):

• CS: 0.7% (21m). Up by 14.5m from 6.5m previously.
• HNI/Soph: 0.7% (21.5m). Up by 6.5m from 15m previously.
• HNI/Soph: 0.6% (17.6). Up by ~2.2m from ~15.5m previously.
• HNI/Soph: 2.2% (67m). Up by 2m from LT 65m.
• HNI/Soph: 2.4% (73.4m). Up by ~1m from MT/LT 72.5m.

Sellers of Note:

• DD: 0% (previously ~38m). Not news on these threads, but mentioned here for the sake of completeness in this update.
• Standard Chartered (Singapore): 0% (previously ~20m). (They first appeared with 27.5m end-March and have been selling since. A clear 'bather'.)
• Regal: 0.3% (~9m). Continued ongoing selling last month (down from 16.7m previously). Not long now before they're 'gorn'. Those following the bread crumbs will know they've taken a decent bath on the 74m chunk they took from AF in late-Jan...

Otherwise, a fair degree of pass-the-parcel and general trading activity between unrelated (retail) parties entering/exiting the registry which is to be expected with so many SOI.

Finally, zero evidence of any potential near-term lunch-cutters entering the register at this stage, based on this beneficial ownership intel (which is better than (blunter) registered ownership intel). CS's increased holding is almost trivial in the grand scheme, but is worthy of monitoring over time.

(*Not an exhaustive list. Simply notable observations of the larger holder traffic.)