RE: Director Buy24 Jul 2023 13:25
There were over 6m traded on Thursday at 35p. There are only two holders with that much - the other founder Octavius Black and Liontrust. It could be Black but it seems very, very unlikely at that price. My guess would be that it's Liontrust reluctantly selling part of their holding to meet investor redemptions. I expect they'll be other RNS shortly to confirm and also who was lucky enough to buy the rest. It's about the least liquid share I know though hence why it's drifted so far and probably why they needed to sell at such a discount to other IIs when there are so few with any cash available. IMHO it's an absolute steal at this price and should fly once liquidity returns to the markets.