way undervalued, page-7

Much the same, been buying last few days but still nervy buying stock with 30%+ yield...can't believe it really but take some comfort from major shareholders below.

Selling has come from USB and Barclays. USB is now out but I suspect Barclays still selling.

USB has been selling out of all property stocks. Also look at MPS,MRA,MDT & OIF, all 20+ yields.



Shareholders buying
Date Shareholder Previous % New % Shares Traded
11-03-08 APN Funds Management Limited 6.44 7.22 6,441,336
07-03-08 Resolution Capital Limited -- 5.20 --
13-11-07 Macquarie Group Limited -- 8.98 --
23-10-07 Macquarie Bank Limited 7.29 8.36 6,490,204
27-08-07 Barclays Group 7.52 8.74 6,427,673
01-08-07 Barclays Group 6.45 7.52 5,689,024
24-07-07 Barclays Group 5.18 6.45 6,726,894
10-07-07 ING Australia Holdings Limited 7.78 8.63 5,507,030
27-06-07 Barclays Group -- 5.18 --
08-06-07 Australia and New Zealand Banking Group Limited 5.40 6.47 5,690,801
28-05-07 SG Hiscock & Company Limited -- 6.78 --
16-05-07 Australia and New Zealand Banking Group Limited -- 5.40 --
16-05-07 ING Australia Holdings Limited 5.42 7.78 3,734,852



Shareholders selling
Date Shareholder Previous % New % Shares Traded
12-03-08 Barclays Group 8.74 7.47 6,207,158
11-03-08 Commonwealth Bank Group 5.30 -- --
05-03-08 UBS Nominees Ltd 10.36 -- --
03-03-08 Australia and New Zealand Banking Group Limited 6.47 5.40 4,963,586
28-02-08 ING Australia Holdings Limited 8.63 7.80 4,450,039
08-02-08 UBS Global Asset Management (Australia) Ltd 6.91 5.59 7,144,093
14-01-08 UBS Global Asset Management (Australia) Ltd 8.52 6.91 8,746,297
25-10-07 UBS Global Asset Management (Australia) Ltd 10.36 8.52 9,557,297
31-08-07 UBS Global Asset Management (Australia) Ltd 11.54 10.36 5,362,045
20-06-07 UBS Global Asset Management (Australia) Ltd 13.34 11.54 6,866,990
16-05-07 Deutsche Asset Management 8.25 -- --
27-04-07 Challenger Financial Services Group 10.51 -- --



Substantial shareholder list at 04-09-07
Shareholder Name Share Holding % Shares Held
Commonwealth Bank Group 21,896,831 4.07
ING Australia Holdings Limited 46,729,658 8.69
Macquarie Bank Limited 38,497,836 7.16
APN Funds Management Limited 32,705,798 6.08
Australia and New Zealand Banking Group Limited 34,251,978 6.37
SG Hiscock & Company Limited 35,873,100 6.67
UBS Nominees Ltd 55,723,014 10.36
Barclays Global Investors Australia Limited 46,275,868 8.60