Premium listing has more tighter regulations regarding where and when the company can seek approval from shareholders regarding the company... Standard listing are less stringent....Check here for more help... http://www.wragge.com/analysis_5607.asp#.UUs5Yzc0_TQ
They are not additional shares...Large blocks of shares are sold off market more frequently in today's markets then in the past...If I want to sell 20 million shares in FTO, I would be better off selling to someone who wants that kind of volume. But it may mean having to sell for less then the market quoted price...Remember..quoted prices are only good for the lot size quoted..(FTO's is about 30k shares) The block is sold only when the buyers are in place but the transaction invariable will be carried out at a lower price....
The gas asset deal was announced along side the 18% increase in FTO's sp...but that is now gone and we are below where we were before that announcement... The deal now awaits approval from MOFCOM in China...hopefully sooner rather then later.. The company needs to apply more clarity to its intentions regarding the direction of the company now... Also worth noting....someone has bought a lot of shares in FTO today at a decent price. The buying may even have been from Asia... Speculating now...:)
Yours much appreciated. So it could be Citibank, L&G or Goldman doing the selling as FTO no longer a 'premium listed stock'. Believe Citi ownership linked with Vitol but the other two have some 150 mio between them so we could see some heavy sales. Thanks your input
A large amount of stock has been sold in the past few days...for sure!! About 1% of the company... and it was conducted off the main trading floor.... There are a number of institutions who may wish to sell out as this stock is no longer a premium listed stock. Some institutions have rules which prevent them holding stock in anything other then premium listed stock...so these may be sellers in the coming weeks as they unwind. The market may be anticipating further large share sales and accordingly are not to keen to mark the price up. How quickly buyers can be found is all important as we do not know who is now buying in at these levels......
With any luck...it may be Asian investors who see FTO as a backdoor way into one of the biggest growing companies in China presently..... Keep an eye on the volume...and good luck..:)
A large block of shares are been sold off market...To big an amount to put up on the market as the stock is too illiquid for that.. They were probably sold for 9p when the sp was showing over 10p in the market.. Somebody bought 18.5 million shares @ 9.25p this morning.. So you can have millions bought in the market, but the volume weighted price is going to be lower if the seller sold there lot @ 9p...The market is absorbing them.. But it also brings out more sellers as the volume is increased and bigger deals can be done... The off market trades (Dark pool) gives sellers the option to sell large volume without going into the market outright...once you can find buyers for them...but at much lower prices...
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