Stocks Convertible Trust

is essentially an investment vehicle of top manager (and more) duncan saville/ingot capital. its been a good performer over recent times.

its got 46% (yes 46%) of port in this co...
http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=on&asxCode=TRU

http://www.trustco.com.au/trust/index.htm

In accordance with Listing Rule 21.20 (l)(ii), Stocks Convertible Trust PLC announces that at 30 November 2004 the ten largest investments were as follows:

Company Market Value (#) Percentage of portfolio

Trust Company of Australia 10,840,194 46.06
ERG Ltd Ordinary NPV 2,954,024 12.55
The Taverners Trust plc Ordinary 25p 1,584,188 6.73
PD Ports Plc 6% Convertible 2009 1,515,000 6.44
Global Equity Market Securities 0% 18/01/2008 1,125,457 4.78
Utilico IT 3.75% CULS 30/11/2009 965,120 4.10
Invesco Inc Trust 4.75% CULS 01/10/2009 851,250 3.62
e-Bet Ltd 10% Red Conv Notes 29/11/2006 726,985 3.09
e-Bet Ltd Ordinary NPV 604,789 2.57
Real Estate Opportunities 7.5% CULS 465,750 1.98
Total 21,632,757 91.91

There were no additional investments with a value greater than 5% of the Company's portfolio.

The Company further announces that as at 30 November 2005 its ten largest
investments were as follows:

Company Market Value (£) Percentage of gross
assets
Trust Company of Australia 13,129,920 50.79
Global Equity Market Securities 0% 18/01/2008 2,828,126 10.94
Law Debenture Corp plc Ord 25p 1,977,350 7.65
ERG Limited Ordinary NPV 1,197,250 4.63
Utilico IT 3.75% CULS 30/11/2009 1,117,800 4.32
PD Ports plc 6% Convertible 30/06/2009 1,072,500 4.15
Invesco Inc Trust 4.75% CULS 01/10/2009 993,125 3.84
e-Bet Ltd 10% Red Conv Notes 29/11/2006 893,965 3.46
Intellect Holdings Ltd 4% Conv Notes 855,469 3.31
Intellect Holdings Deferred NPV 689,850 2.67
Total 24,755,355 95.76