Well I would say that I am surprised at the number of sell orders going through so close to getting all the cash next week, but many/most of the sells are not us traders/investors but automatic sells so they just keep dropping the sp to trigger stop loss targets to get more shares. So just a question of sitting tight for a few more days.
All good thanks. Was very strange at the time that there were so many trades of that size going through for several days and all seemed to be matched pairs - a transfer or similar was the only thing that made sense to me at the time, and the only reason i could see for doing it at that particular time right at the end of the tax year was to realise a personal loss that could be written off elsewhere. Did wonder when he first bought in why he'd done so in his own name rather than using some sort of trust/investment company which usually seems to be the case rather than in your own name.
Funny you should mention him doing that for tax losses, not sure if anyone remembers my posts from around the time all those strange pairs of trades were going through, and my mention of it possibly being Suttie and for exactly that reason...
I agree, I cannot see Suttie selling out so early on, the only opportunity that he had not to lose was when we spiked up to 47p, First oil have quite a lot off interests in Bowleven so maybe the nominee account maybe through JPM is right. Money in the Bank will hopefully settle this again, this price we are sitting at now is just not realistic. Cash is King and we are going to have a lot...
Its also interesting how the book is working to facilitate trades in a certain price band.Either a load is stuck on the bid and swiftly taken out by a matching trade,or like this morning 35p was offered on the bid to allow 300k of sales to be triggered at 35.06p just above the bid.35p was then taken to reduce the bid back down to 34.75p.Its been a continuous pattern of late.
I think he could have moved them to nominee accounts without disclosure,if he had sold them surely there should have been a holdings RNS to advise the market of thresholds crossed downwards?The market were advised at the placing of how many he took,so they should have been advised of any change downwards.
He purchased at 45p,we briefly saw that on farm in announcement.So he either has them somewhere else,or he sold at a loss which i very much doubt.
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.