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I wouldn't be too concerned about the Sheikh, he's a spoilt playboy. Revenue increased 82% to £3.1m and we have a very experienced CEO with strong connections.
they would not. All this speculation is madness
Hmm I guess it means nothing to us PIs if Lesoza was the seller today (I’m not talking about the £1M transaction) but why would Lesoza sell if they increased their holdings only 3 days ago ?
Lot of stuff to be cleared up tomorrow then, weirdly looking forward to it.
What about if the huge volumes was due to people knowing he was transferring his holding and some of the old guard were on the way out? This has the potential to be a massive bounce. Weird the trade / transfer was 450k & 12.9m, and anything remotely closer together
Would reek of insider trading if they raised capital a couple weeks ago before HH was to dump his holding straight after
He can't have sold the time stamp was completed at 8.06 at the time the share price was up. It can only be losoza and the MMS dropping . I mean he could of sold at 40 p few weeks back. The string pr coming from his office recently tells me it's got to be losoza .
If it was a transfer then ADM must release RNS tomorrow stating the name of the new institutional ownership.
They also have to release RNS if Lesoza sold any shares since it holds more than 3% of ADM’s shares .. saying that, it doesn’t make sense to me Lesoza selling beucase the company increased its position few days ago...
Transfers are logged, it would be very awkward for the BOD and insiders to know about this all day and say nothing, if he has sold I don’t think it’s a great problem for the future; but stinks of insider dealing and a serious contravention of the LSE rules, news MUST be reported as soon as it is known.. this in my opinion is a major news item which has not been reported
Anyway, not long till we find out. I’ve got a fair few shares and not too concerned either way... glah
Does transfers get logged with all the usual trades? I would have thought this would have been off book
Quitie, the 12.9m was at 08:06, this imho was just a transfer, the actual drop was prob caused by lesoza dumping into the market...
This fits with no RNS today to announce the sheikh has gone... you can’t dump that volume without anybody knowing in the city... the mm’s would have put pressure on the advisors and board to release the news...
Either way, we will know at 7am
RH I agree the time stamp was 8.06 so the trade was completed and at 10p
I agree that it’s absolutely crazy that the trade was only logged after hours, but can’t logically tie this to Lesoza at all.
Roll on 7am to get a handle on what’s going on. There’s no way this’ll wait the 3 days for a TR1
Drop fits with lesoza 2.9m sell off, I would have thought if the win man dumped his shares into the open market the price would have dropped massively
If however he has and the mm’s were aware of such a dramatic piece of news that surely results in foul play, market manipulation and insider dealing
I cannot see this being the case here, such a high profile person with a reputation to uphold..
If the company RNS tomorrow that he dumped this morning there will be serious questions as to why it was kept from the market. IMHO
I’m pretty sure he has went - but think about how leaky the news of the last RNS was - there’s no way the people in the know in the city never knew what was going on. There was incredible volumes of buys going through, you really think that was all PI’s?? Also all the other random sells couldn’t have been HH, and this tranche appeared in 2 goes.
Very intrigued to see what the RNS divulges tomorrow. Can see some good coming from it in a roundabout way - would far rather them hands on having more skin in the game
RHI87, nice post & fingers crossed you’re right here .. I hope some shareholders already emailed the company this evening enquiring about the sp drop & £1M sell .. it will certainly put more pressure on the company to release a statement first thing in the monrning explaining what happened.
However, if it was holdings transfer within the sheikh’s companies then why the sp dropped ??where all the shares purchased today came from and why the huge buying pressure didn’t spike the sp if the 12.9M shares transaction was only internal holdings transfer ?
There’s no way they’ve just conveniently mucked up the figures to match HH’s holding.
Look at the bigger picture with the company, plenty good to come
That would give you 12.9 m
Could the trade be a mistake one of the lesoza holds 2.9 maybe they hit the 12 together and correction in morning
Different Shaiks
doughty
thats a different sheihk
http://www.the-private-office.com/private-office-activities/
Snap! I've just been reading about SEED group a much more diversified company. There may be a corporate advantage in transferring ownership to them, and its keeping a lot of Shaik's investments under one umbrella.
"SEED Group is a diversified company operating in industries including technology, healthcare, tourism & hospitality, oil and gad industries and real estate. Since its conceptualization in 2000, the group has transformed into a front-runner in multiple business sectors".
I honestly don’t think there’s too much to be concerned about, there was ample time from 16:30 to produce and release an RNS to the effect that the Sheikh has departed, in fact the time stamp at 08:06 would have given the board the requirement to make the city aware.
My gut instinct is it is nothing more than an admin tidying up situation and was a transfer within investment accts.
The drop today was not great enough this morning to warrant 12.9m shares being dumped....
I’m sure all will be revealed tomorrow, if there’s no RNS in the morning to the contrary it was just an admin tidying up job, possibly tax..
It could be his seed group has taken control of the shareholding as they seem to run most of his investments
Good point and I certainly hope so
If it was simply a transfer between companies owned by the Sheikh or his private office it could explain why the price was so low at just 10p, if that is the case we should see an equivalent buy in the morning, the remaining portion of his holding being the 450,000 share sale might have been the deal cost for the transaction to happen and mm's risk of holding stock overnight
Fingers crossed
If the Private Office is selling then is it selling to one of the His Highness' portfolio of a group of privately held companies that focuses mainly on energy projects? Too complex for my limited understanding but tryiing find a viable explanation.
Shaikh Ahmed Bin Dalmook Al Maktoum Private Office Single Person Company LLC ("Strategic Investor") has subscribed for 1,335,000,000 of the Placing Shares for GBP534,000 representing a shareholding of 29.86% of the enlarged issued share capital of the Company. The investment by this entity, which is the wholly owned private office of His Highness Shaikh Ahmed Bin Dalmook Al Maktoum, is a strategic investment for the Company. The Strategic Investor has a portfolio of privately held investments that focus on energy projects, LNG terminal development, commodity and oil trading as well as other industries. The Strategic Investors' investment has occurred as it considers that it may be able to add considerable value through the use of its knowledge, network, experience and access to capital.