Perpetual look like they have been very active over the past few days with a number subsatntial holder notices out this morning

James Marlay

Livewire Markets

Perpetual look like they have been very active over the past few days with a number subsatntial holder notices out this morning. Last week we published a note from Perpetual singing the virtues of the recently listed Dick Smith Holdings (DSH). It look like they have put their money where their mouth is and boosted their stake to nearly13%. The Fund Manager has also significantly increased it's position in ISelect (ISU) adding nearly 4% to their existing position taking their holding to 9.5%. Both of these stocks were part of the recent rush in IPO's and the buying activity from Perpetual suggests the portfolio managers like what they saw in reporting season. Change in substantial holding notices over the next few days should give investors a few clues as to where the fundies are moving and their reaction to the respective company reports.


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James Marlay
Co Founder
Livewire Markets

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