After IPO, Credit Suisse Third Nominees held 9,000,000 shares. Link:
https://www.asx.com.au/asxpdf/20170428/pdf/43hw8h9c9j2h3k.pdf
From the announcement:
https://www.asx.com.au/asxpdf/20180102/pdf/43qkxxlqm08210.pdf
CS totally acquired 1,939,681 shares cost $312,616.28 ($0.1611 per share)
CS totally disposed 2,409,580 shares cost $317471.94 ($0.1318 per share)
I thought they should reducing their holding to around 9,000,000+1,939,681-2,409,580=8,530,101 shares. But things are different from today's top 20 list, they actually incresed their holding.
We know Credit Suisse kept selling when share price around 16.5c and made it down to today's price. Did a little research thanks to today's annual report. From the top 20 list (list based on 15 Feb), I found Credit Suisse Fourth Nominees held 9,912,031 shares yesterday. See second last page of the Link:
https://www.asx.com.au/asxpdf/20180216/pdf/43rnbbcwtvrk48.pdf
Please note one is Third Nominees, another is Fourth Nominees. That means they kept selling to drive the price down and in the same time they increased their holding.
