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Rob see my post last night I said it was him, MBU have over 50% think about what happens to their 40% holding if they sell 10%, larger holders are usually in it for the recurring dividends or buyout
Market taking another battering today, but quality shines through in the end - BEN has recovered many times before
All IMO
Curio, i was in here at the very beginning..10p
Mikey it will be John Story selling his spreadbet holding, I would imagine he’s out or very close
I imagine a few waiting on the side lines to see if this is the bottom before jumping in
Rob1967 FUD for a lower entry?
And who says that wont sell, they are £150m plus down on recent highs..
Not sure why the panic:
-It's not MBU
-There's nothing internally
-We're producing in a safe jurisdiction with one of the most in demand resources in the current climate
-Should be well into the £s
It will get there, an absolute gift of an entry, no point flapping over a few pennies down here
All IMO
They can receive full value for shares in 2 to 3 years of divs what makes think they will sell. Plus they are locked till October so not a current concern.
rob1967 - why would they start selling? (a) they're locked in - hard lock til this Oct, soft lock for at least another year; (b) showing confidence and support for the Co. by buying more; (c) they are probably looking for substantial capital growth, esp from current sp; (d) over coming years they will be receiving huge, regular dividend payments; (e) I would expect they'll hold until BEN is sold. But their holding is not new info, so if you don't like it why are you here?
And what happens when MBU start selling, they are holding 60% too many in my book
The fact that MBU are buying though even in small quantities is hugely reassuring though. They still have a seat on the board if I recall and so will be privy to the profit margin / accounts etc.
Correct me if I'm wrong but I think they have a couple of trading days to file this so may come though intraday or Monday. Depends how quickly the shareholder notifies them. Certainly stacks up that it was John Story selling up.
RNS showing MBU upped their stake by 600k. Fantastic news!
Gaza, if it is Storey and he tipped off this shorter guy on ****ter, isn’t this illegal? Someone might want to inform the company and FCA surely…. Or a few of us.
Definitely worth looking into.
I reckon it’s John Story too Mickey (as stated earlier).
When I decided to buy in a couple of months ago, the only negative I had was seeing that JS held 4% of the company.
Seen him sell his wad in Chilli (formerly Zoe) and then QBT.
That’s what him and his team do. They don’t hang around for too long.
Hoping that JS has gone. Will make me feel a lot better.
Also don’t like the way that they declare the 10 million drop at 11.30 ‘ish after hours. Stinks.
Also don’t like it that the t.water guy instructed his minions to short BEN.
If anyone sees 5hit like that again, please can you give us all the heads up more promptly please with a link.
Thanks and good luck all.
Be interesting to see what he is investing in next. Must be a hell of an opportunity to justify today's firesale. Looking forward to the TR1 to confirm and a positive update in the accounts tomorrow.
I'm 95% certain it's John Story... I've counted the trades which just about exceed his entire holding (some could be buys)
He also liquidated a similar position in XPF today
Could both be coincidence and another seller of course
He's out but the shares are in hands of PI traders/MMs taking advantage of the dip so it'll be choppy
No brainer for a recovery though
All IMO