Sorry, O could have made myself clearer. JP Morgan have cut their position but having cut it have sat at that level. Ennismore by contrast seem to be salami slicing their way down and I doubt they've finished yet.
Hi Sweepydog, I really don't think JP Morgan are holding firm at all. From 07/11/14 - 1.27% and 18/11/14 - 0.93% That is a very significant percentage drop, long may it continue..! http://shorttracker.co.uk/manager/JPMorgan%20Asset%20Management%20(UK)%20Ltd/GB00B1VCNQ84
Two interesting links: http://www.spacenews.com/article/opinion/42512the-big-satellite-shakeout http://www.spacenews.com/article/satellite-telecom/41885avanti-holds-the-line-on-africa-pricing
Ennismore down by a further 0.11% to 1.16% so they have more than halved their position and are still baling like mad... they must have caught a real crab this time. JPMorgan standing firm but I doubt they'll hold out if there is any upward move in the coming week. Historically Avanti have tended to issue RNS news in the days leading up to major events e.g. AGM, results H1 and H2 so what's the odds they do so this week?
I think the Sp will
Plateau for a while. It has been riding a wave of euphoria over the Facebook rumour. That coupled with the good recent RSN buoyed it up. In the absence of further developments I expect a re trace to the upper 200s. The long run is very promising . This is a very good long term bet .
FCA show latest position is Ennismore 1.27% JP Morgan 0.93%
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