SteveC 150 Posted January 27, 2014 Share Posted January 27, 2014 river an merchantile supposedly voted for the requisitioners. Has there been confirmation of that. All i remember was it being quoted as unknown which way they'd vote 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted January 27, 2014 Share Posted January 27, 2014 Has there been confirmation of that. All i remember was it being quoted as unknown which way they'd vote They were certainly believed to be in McColls 30 percent block. 0 Quote Link to post Share on other sites More sharing options...
pete 2,511 Posted January 27, 2014 Share Posted January 27, 2014 King creeping up the inside? 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted January 27, 2014 Share Posted January 27, 2014 King creeping up the inside? Does this not suggest the very opposite? (Though I hope you are right) 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted January 27, 2014 Share Posted January 27, 2014 I think this old shareholder list from 13 September tells us exactly where River and Mercantile have come from.... Note numbers 12 & 16 on the list. No12 - IIMG, is a fund run by BNY Mellon No16 - MGM, is a fund run by BNY Mellon BNY Mellon work directly for River and Mercantile through an outsourcing agreement - https://www.google.co.uk/#q=river+and+mercantile+BNY+Mellon That's some good sleuthing Zappa. However, there is a difference between Mellon providing administrative services for R&M and managing their own Funds or the Insight brand. Your numbers do appear to add up but I would be surpised if Funds managed by R&M were otherwise listed even if administered by Mellon. I'll see what I can find out (see next post). 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted January 27, 2014 Share Posted January 27, 2014 River and Mercantile are a boutique house with $3 billion of assets under management (a comparitive tidler) and a very high reputation in the investment industry who are paricularly noted for robust internal procedures. As "long only" fund managers they will tend to increase their positions over time and are only betting on the of price of shares going up. However, one of the top people in R&M is someone I have known for more than 20 years and I'll see what he will tell me tomorrow about the build up in their holding and their intentions. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted January 27, 2014 Share Posted January 27, 2014 However, there is a difference between Mellon providing administrative services for R&M and managing their own Funds or the Insight brand. Your numbers do appear to add up but I would be surpised if Funds managed by R&M were otherwise listed even if administered by Mellon. Yes, I had thought the same thing BH, so my links are probably off the mark. I was just trying to figure out how R&M came from nowhere to now have 7.37% with their previous holding being 4.76 (or whatever it was) when I couldn't even remember an announcement to say they had crossed the 3% threshold. It seems though, that they had about 2.2% in their own R&M name back in March last year, so maybe they only went above 3% very recently with a delayed notification. It begs the question though, as to why R&M weren't listed on that Bloomberg list of the holdings in RIFC plc dated 13 September, but then, neither is Ally McCoist on that list as was pointed out to me elsewhere. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted January 27, 2014 Share Posted January 27, 2014 Yes, I had thought the same thing BH, so my links are probably off the mark. I was just trying to figure out how R&M came from nowhere to now have 7.37% with their previous holding being 4.76 (or whatever it was) when I couldn't even remember an announcement to say they had crossed the 3% threshold. It seems though, that they had about 2.2% in their own R&M name back in March last year, so maybe they only went above 3% very recently with a delayed notification. It begs the question though, as to why R&M weren't listed on that Bloomberg list of the holdings in RIFC plc dated 13 September, but then, neither is Ally McCoist on that list as was pointed out to me elsewhere. I think this analysis is the most likely. What makes it very difficult is that it seems that not all the purchases, especially the big ones, are reported on the ticker so they only come to light with the notifications. I don't know why that is the case. What I will be very interested to find out is where i.e. which Fund or Fund R&M are parking the shares; because on the face of it, their general philosophy would imply a reasonably long term investment whereas (as I have said before) I would have though that most fund managers would be in it for a short term gain. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted January 28, 2014 Share Posted January 28, 2014 http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11846527 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,830 Posted January 28, 2014 Share Posted January 28, 2014 http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11846527 http://www.scotsman.com/business/media-tech-leisure/hedge-fund-halves-stake-in-rangers-1-3283702#.Uud1cxwC70M.twitter A Guernsey-based hedge fund that built up a stake of more than 3 per cent in Rangers International Football Club earlier this month has sold more than half of its holding. Damille Investments, which bought 2 million shares in the Glasgow club on 15 January, has now sold more than 1.1 million of its shares. The sale took place on Friday and Rangers was notified about the transaction yesterday. Damille, which also has stakes in oil explorer Northern Petroleum and gold miner Kolar, now owns 1.32 per cent of Rangers. 0 Quote Link to post Share on other sites More sharing options...
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