Thanks for the links.. Still a bit confused though as I think UBS have increased its holdings from 8.5%( Mon, 31st Mar 2014 08:55RNS Number : 5639D) to 9.2% (Tue, 8th Apr 2014 12:58 RNS Number : 3384E). The last RNS states its an increased, and seems to show just part A of RNS 3384E. Then I looked at another link to see company holdings in PFD, and UBS was not shown, although companies with smaller holdings were..?
No secret sources - just keep an eye out for new rns notices at the top of the page. Any shareholder who owns more than 3% and moves across a full % boundary (eg a buy from 5.9% to 6.1% or a sale from 10.1% to 9.9%) must disclose it.
This broker up-date was/is dated as March 18th so already a month out of date. But it does say that, But turning this arm around may not be straightforward suggest the broker, while the balance sheet will remain weak even after the fund raising. The target price is 92.6p and rating ‘hold’. So a price target of 92p is good if that still holds any water.
Now as many will know, I'm normally quite pessimistic about this stock, but seeing that UBS have dumped over 6% of the shares over the last 3 days (according to the holdings notifications) the softness in the share price is unsurprising and if anything, I would have expected it to be greater. It bodes well for when when the dust has settled.
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