From the RNS .......... SPK took 1/5th [20%] of it's 27% investment holding on IMO at the admission price of £1.20 = £3.2m - after costs[now in escrow less £100K possible tax demands ]. The remaining approx 17% is bound for 12 months[with exceptions] and equates to £12.9m if costed at the IPO admission price 120p, [if I read the RNS right]. How the 12 month restriction will play, and if it is cause for disenchantment ..............? Another 'obvious thing to do' or astuteness whichever, our management don't seem to have many 'followers' based on trading here[see last post] since IMO listed! I mentioned before the imponderables of 'selling', patience being a necessary quality. 'IMO' SP continues to rise on low volumes, currently bid[sell] price 132p, [buy 135p].
2 Jul '14
Re; IMI First Day ...
Seems your hopes were not shared by other PI's on either Tuesday or Wednesday[today], 1 million shares being sold each day - NONE were bought!
27 Jun '14
IMI First Day of Trading
IMI (IMO) have got off to a good start currently trading at 1.30. Hopefully, they will increase further to add more money to the remaining shares held by SPK.
GRAY colour trades- indicate mid priced deals. Over the period 17 - 25 June, they total 4.650,000 shares. NB. Gray trades are excluded from Day Totals, thus creating a misleading picture of share activity! Within the above period, defined trades - Red/ Blue - were: 5 sales totaling 2,019,050 shares and 9 buy's totalling 386,050 shares On the balance of probabilities, I conclude the gray trades were sells. 'Notably' NO Gray trades were dealt from pm 11th, til pm 17th. DYOR
25 Jun '14
....'confusing' late posted, mid price deals from 24th ....... 2m 'changed' hands at 5.125 - the bid 5.00 / ask 5,25! Are these defined as buy/sell elsewhere? Only trade today, sale of 5k priced at 5.0762 .... same bid/ask.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.