forlanssister 3,114 Posted September 1, 2014 Share Posted September 1, 2014 So someone has increased their shareholding? But we don't know who One reason being mooted is that it's an institutional investor moving the shares from one fund to another. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted September 1, 2014 Share Posted September 1, 2014 One reason being mooted is that it's an institutional investor moving the shares from one fund to another. That makes sense because they are not showing as a BUY or SELL. The most likely candidates would be Artemis or River & Mercantile. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,663 Posted September 1, 2014 Share Posted September 1, 2014 So it wasn't DK buying shares after all then? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted September 1, 2014 Share Posted September 1, 2014 So it wasn't DK buying shares after all then? You already knew that didn't you?...... 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,663 Posted September 1, 2014 Share Posted September 1, 2014 You already knew that didn't you?...... Earlier today it was rumoured to be him was it not? KJ even suggested something along those lines 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted September 1, 2014 Share Posted September 1, 2014 Earlier today it was rumoured to be him was it not? KJ even suggested something along those lines It may well still be the case but I doubt it! When Richard Hughes sold up (iirc the last trade in the region of that size) it was at a fair discount to the market, given the mid market price attributed to today's "deal" I'm inclined to lean towards the institutional transfer as the most likely explanation given what little is actually known. 0 Quote Link to post Share on other sites More sharing options...
barca72 440 Posted September 1, 2014 Share Posted September 1, 2014 That makes sense because they are not showing as a BUY or SELL. The most likely candidates would be Artemis or River & Mercantile. For a stock that has lost so much value since it was first offered, and with the company having so much trouble raising capital, why would any fund manager want to add it to a portfolio? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 1, 2014 Share Posted September 1, 2014 I'm slightly surprised that nobody posted this image which was put up on FF earlier??? It supposedly lists the major shareholders as of roughly 3 weeks ago. Pinch of salt or factual? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted September 1, 2014 Share Posted September 1, 2014 I'm slightly surprised that nobody posted this image which was put up on FF earlier??? It supposedly lists the major shareholders as of roughly 3 weeks ago. Pinch of salt or factual? Bit of both probably. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted September 1, 2014 Share Posted September 1, 2014 For a stock that has lost so much value since it was first offered, and with the company having so much trouble raising capital, why would any fund manager want to add it to a portfolio? I think you've misunderstood what is being suggested. R&M for example have the holding split between two funds: UK High Alpha and UK Equity Long Term Recovery. Both Funds are managed by the same person - Hugh Sargeant. It may simply be the case that he has moved part of the holding from one fund to another. I doubt he would be a seller at this price since he paid 70p for some of the shares. Artemis have 4,000,000 out of their 5,479,000 shares in their Strategic Assets Fund and may have decided to diversify to spread the risk into some of their other funds. 0 Quote Link to post Share on other sites More sharing options...
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