AGS 0.00% 10.5¢ alliance resources limited

top 20 total shares held monthly increases

  1. 2,015 Posts.
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    The Top 20 Total share holding has progressively increased as follows :-
    13th Nov 06 53.51% 130,872,474 shares held by Top 20
    17th Aug 07 56.33% 140,544,846 ditto
    17th Sep 07 56.50% 140,976,932 ditto
    12th Oct 07 56.74% 141,658,841 ditto
    16th Nov 07 59.67% 162,746,230 ditto
    17th Dec 07 60.53% 165,073,192 ditto
    17th Jan 08 60.91% 166,117,124 ditto
    5th Feb 08 60.20% 164,187,514 ditto
    19th Feb 08 60.30% 164,455,027 ditto

    Between the 5th Feb and 19 Feb 08 there has been a nett accumulation of shares by the Top 20 shareholders taking their Total Holding from 60.2% (164,187,514 shares) to 60.3% (164,455,027 shares) on issue.
    This is an indication of bot trading nett accumulation of 267,513 shares in the past 2 weeks.
    Considering there has been a decent correction on the world markets it is an endorsement from the majority of the Top 20 Shareholders in the future of AGS,imho.
    Of particular note is the confidence shown by our biggest shareholder Ian Gandel who over the last couple of years has not sold one of his 86,875,150 shares.
    Our No.2 shareholder National nominees has picked up another 81,824 shares.
    Our No.11 shareholder J P Morgan has picked up another 617,051 shares.
    Of note is that our No.8 shareholder Citicorp off loaded 437,184 shares.

    To my way of thinking this means that the smart money has been accumulating shares month on month (apart from 5th Feb 08 World Markets sell off).
    Hang in there AGSers, my patience will last thru' to Sept 2010, it is just a matter of time.
    As a director said at the AGM "the story is only just unfolding"
    As always dyor, I hold AGS CUL CQT EMR GBG
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