Oriole Share Price (ORR)

Thanks Dilby, Oriole are always good to respond.

I find it almost impossible to believe that Lanstead have sold less than 40m shares (1%) in 4 months.

Especially with all that good news and the fact we are now in Q2.

We shall see

Hi everyone, not a regular poster but often read this BB. After seeing lots of chat around the Lanstead TR1 situation I emailed the company via the contact section on their website. Not sure if anyone else has already done this but for what it’s worth the below is a response I received from the company.

“Under FCA guidelines, any shareholders holding 3% or more are required to issue TR-1 notifications whenever they cross a percentage point (up or down), and they must do so within a few days following the triggering transaction. The last TR-1 we received from Lanstead (disclosing the 20.99% you reference below) was dated 28 December 2023.

Earlier this month, following speculation on the bulletin boards, we reminded Lanstead of these reporting requirement. They confirmed that they are well aware of their obligations and that, since their first investment in 2007, they have always filed a TR-1 notification as and when one is required.

We will continue to keep a close eye on things and will update the market as soon as any further information is received.”

As far as I can see the board are well aware of the situation - just have to hope Lanstead are playing fair which is something I am Skeptical about!

AGM is confirmed on 24/6/24

Fyi to shareholders.

A friend of mine already contacted the FCA about Lanstead a few weeks ago but did not get anywhere with it.

Although we don’t like how the apples taste, there is nothing we can really do about it.

Yes, the share price could be a lot higher but then placing concerns would still be mentioned in dispatches.

Lanstead providing a TR1 would certainly be interesting. If they have sold down a lot then we know the market appetite is still decent it’s just the financing company selling.

2m a day on average would easily get absorbed , it’s Lanstead dumping decent chunks on low volume.

Integrity once lost cannot be restored.

Bob Smetton was the architect to this deal and it falls at his feet all parties adhere to the law all companies must comply with to be listed publicly.

i am getting fed up, that we as SH’s get shafted by organisations that think they can get around the rules because it doesn’t apply to them.

clock is ticking!