The astonishing lack of concern that FUM have for the share holder is remarkable..... If I didn't know better id say there was a combined deliberate attempt by the BoD and a potential suitor to drive the price down to a more acceptable price tag. The lack of feed back or marketing strategy is staggering.
I don't know if there is a lot happening in the background that we don't know about and do know that deals licenses etc take time but boy has this share turned boring. SP drifts day to day with little movement. Please can we have an RNS just to keep me interested.
It's good to see investment companies starting to buy shares in such quantity. This might snowball, as each is conscious of where peers are investing, and particularly investment timing.
When you consider their decision to prioritise FUM share purchase at the expense of making other investments, they are either late to the table, (or why buy so many shares at once?), or good news for the s.p. is due very short term. - or both.
They are pressured to see value being generated short term, so presumably they agree that Futura's time is nigh, and with the current attractive s.p. 'supported' by recent events, investment risk is reduced.
James B - What news from the negotiating table? - We don't need a miracle, just a few agreement or royalty signatures.
"The smaller companies team at Octopus has over 100 years combined experience of investing in small growth companies. The team are responsible for over £500 million invested in over 150 Alternative Investment Market (AIM) quoted companies across a range of products.nWe love investing in smaller companies so much that we have put £1m of our own money into our funds."
Previously they held around 4.5% of the FUM, they now holds around 9.6 mln voting rights, or 8.01%.
That's almost double their holding.
They bought in just under the 60 mark.
So you can expect 57~60, to have been the cheap price range to buy in at. It's all north from here.
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