vms - top 20 increases holdings by 5,000,000!, page-22

Guys

Just some clarification for anyone reading the substantial shareholding reports and the change in their positions. Where you see Custody or Nom (Short for Nominees) in the title, these are not the Banks purchasing stock. These are other Businesses, Super Funds and quite often wealthy individuals increasing their holdings. The Banks hold stock for a large number of corporate's and individuals which is pooled together to show a consolidated holding.

So you don't know who the underlying beneficiary of those stocks actually is.

Cheers