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This is going to be big!!!!
Buys getting bigger http://www.lse.co.uk/share-regulatory-news.asp?shareprice=OBT&ArticleCode=eb566250&ArticleHeadline=DirectorPDMR_Shareholding
Certainly not seen so many buys from a single director in such a short space of time for a while. Off topic but did anyone see that China are making a huge investment into Africa.
https://www.straitstimes.com/asia/win-win-for-all-as-chinese-invest-in-africa
Not directly connected, but who knows!
Jimzi even if that happened the price is going to be a lot higher than here.
What evidence?
Just as likely to get enough votes to go private - use the listing to raise and ditch when you have finished / alternatives
Has anyone added up exactly how many he has bought?
Evidence points to a t/o
I`m sure long termers will be delirious with 14p!
DD if it is a takeover it has to be higher than 15p
I think the evidence hear firmly points to Miles still buying and indicates the company is being positioned for a takeover which would see us much much higher IMO; 14p being targeted
Would normally see a TR1 with the notification. Presumably means he is still buying.
Ticking up quickly time. MORE Director buys, this is going only one way. Sustained rise coming now IMO
Obtala Limited Director/PDMR Shareholding Source: UK Regulatory (RNS & others) TIDMOBT RNS Number : 4206A Obtala Limited 11 September 2018 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Miles Christian Pelham 2 Reason for the notification a) Position/status Chairman b) Initial notification/ Amendment Initial Notification Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Obtala Limited b) LEI 2138001U7SLCSRKV3P06 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument Ordinary Shares Identification code OBT LN ISIN GG00B4WJSD17 b) Nature of the transactions Share purchase c) Price(s) and volume(s) Price(s) Volume(s) 6.50p 1,600,000 ---------- d) Aggregated information - Aggregated volume 1,600,000 - Price GBP104,000 e) Date of the transaction 11/09/2018 f) Place of the transaction London Obtala Limited Miles Pelham - Chairman Paul Dolan - CEO Martin Collins - Deputy Chairman www.obtala.com +44 (0)20 7099 1940 Northland Capital Partners Ltd (Nomad & Broker) Tom Price Jamie Spotswood +44 (0)20 3861 6625 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. END DSHLBMLTMBABMLP (END) Dow Jones Newswires September 11, 2018 06:01 ET (10:01 GMT)
Directors loading. Makes sense to follow them.
Another 250k buy gone through
would tend to agree - veering towards taking it private IMO. Expect a steady stream of TR1s here and then it's off to the races.
Maybe he wants to take it private or maybe he is expecting a take over in the future doesn't strike me as fishy though. That is a lot of cash to spend out.
All relative - depends on the ultimate reason and how much money he has.
I don't trust the accounts as per a message I posted sometime ago - so I'm suspicious - and its Africa!
What's the cumulative bought amount now, fairly substantial I would think?
Jimzi I don't think he would be splashing out that sort of money if it was fishy. Would be a bit stupid don't you think?
TBH, the extent and frequency of these directors buys smacks of desparation to me - could be wrong but it all smells a bit fishy.
Some big buys are continuing...only see this going upwards when they let it go.
And why ;)
Yes it's like a coiled spring here...can't wait for the boing!