PEREGRINE Investments Holdings has disclosed an almost 20 per cent stake in loss-making computer-disk maker Hanny Magnetics. The stake is the result of a shuffling of ownership by Peregrine International Holdings and Peregrine Investments. Peregrine International owns 21 per cent of Peregrine Investments. Two separate stakes of just under 10 per cent were held within the private and public divisions of Peregrine after a placement of Hanny in October last year. Peregrine's legal counsel, Alan Mercer, said the holdings had been merged, for accounting purposes, into Leading Profit Investment, owned 50-50 by International and Investments.