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It depends on what you mean by the 'free float'. Strictly speaking all of ALGW's shares are 'free float' although those held by Alpha Longevity and the current Directors are not as 'free' as ours. On the other hand almost all of ALGWs shares are held by PIs except for a few million that may be held 'long' by the MMs. I doubt that the MMs would ever have a long position of more than 10 million shares and I'm sure they have a lot less atm. Of course, if they are short by a lot then upward movement could be very quick. A more interesting question would be: How many additional shares will be shaken loose at 2p, 3p, 4p etc. Each of us will have an idea of the sp that they would like to see and sell at and how quickly the sp moves up when we eventually get the long anticipated news will depend on where PIs target prices are. Having said that someone or several someones has/have been selling quite a few shares these last few days but as the sp was near 1p for the first 3 weeks of April so there is profit that can be taken. BUT when the traders who bought at near 1p have sold out, the shares for sale could be few and far between. I doubt there are as many as 10 million that remain available for less than 2p. Bear in mind that 68 million shares were traded in one day on December 2nd 2019.
So about 50m shares.
Declared major shareholders hold roughly 50% of the company. I know of several others holding between 1 and 5 million shares so that probably takes out another 10% plus there will be plenty of others holding 500k to 1 million who are going to hold for the longer term opportunity ALGW offers. A speculative guess at the available freefloat would be around 25% of the shares in issue so not much really
Well my guess is that there’s quite a few PIs with at least a million shares. That’s 0.5% of the company each. They can’t sell stock that doesn’t exist.
Does anyone know what the available % and no. of shares is available to us? Just wondering what the free float is now.
ALGW will eventually appear on the radar, I look at these prices as opportunities to keep accumulating. We now have another TR1 holder which reduces the freefloat and we all know how quickly this moves
Today’s RNS still not printed here. Lol LSE to upgrade
Going to come a point where limited stock causes a substantial rise. I want my 4p here.
Even more less available shares. Now believe this share is a strong buy.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
Alpha Growth Plc
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name
Mr M B Alder
City and country of registered office (if applicable)
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:
03/06/2020
6. Date on which issuer notified (DD/MM/YYYY):
03/06/2020
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A)
% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached
3%
6,165,916
205,101,673
Position of previous notification (if
applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of
shares
ISIN code (if possible)
Number of voting rightsix
% of voting rights
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00BYWKBC49
6,165,916
3%
SUBTOTAL 8. A
6,165,916
3%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument
Expiration
datex
Exercise/
Conversion Periodxi
Number of voting rights that may be acquired if the instrument is
exercised/converted.
% of voting rights
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument
Expiration
datex
Exercise/
Conversion Period xi
Physical or cash
settlementxii
Number of voting rights
% of voting rights
Out.