The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Bang me senseless!!! If ifs and ans were pots and pans the world would be full of tinkers.
There not though chum they’re holding but we know why the SP is stable and not flying, don’t we chum. Wowzer Some people.
Muldoon96, good you understand why, chill mate, news required for next push
Rubbish - they have SOLD ! OK we know it is a forced sell, nothing to do with company fundamentals. So are you saying that if each of our IIs was forced to sell in a similar way that would be even better news ? We need people buying.
Of course it’s good info !!!. everyone one else is holding their shares. Just one II is forced to but not wanting to. Just buy more and chill
Muldoon96, I think you should actually read all the information in the links supplied this morning
It is not 'good' info - they have sold. It is just not 'bad' info, because we know the sale was forced. It would be 'good' info if they had doubled their holding !
This info is so good we all now know that the mms have had a slush of shares that are close to drying up. Not even the derampers have a word against that info. It’s days away now before the restate starts. The fact it’s held this morning is s massive buy signal. This is gonna be huge people. To get in to this sort of play almost risk free as the 1 well flows 8-1000 bopd and we’re doing another 4 sidetracks in 12 months. We’ll need all of that 90000 barrels storage and more.
See below from Malcy's blog yesterday re Milton
https://www.malcysblog.com/2019/07/oil-price-premier-reabold-aaog-and-finally/
Anglo African Oil & Gas
Well, they got the money and whatever fish or fowl it was it means that the TLP-103C well will now be re-entered. Miton has taken £2.6m at 5.2p (current price 4.3p) in the hope that the money is enough to bring Djeno oil to the surface, if it is it will all have been worthwhile but it must have been some hell of a decision. Making up the £8.25m raise is £5.7m from sundry funds under an ‘Investor Sharing Agreement’ alluded to when the raise was initiated. I honestly don’t know what will happen at monthly sales times but then that’s part of the fun I suppose…
Unless they continue to sell. We don’t know. I guess the next TR1 will tell us when/if they go under 3%
Milton could of easily sold more here...but they were obviously very keen to hold on to the majority of their BLOE shares. Great work Croasdalelfc....post of the day Sir .
That was in April 2018
That's like getting a larger than expected tax demand forcing you to sell some of your best shares.
more...
https://citywire.co.uk/investment-trust-insider/news/miton-uk-microcap-shareholders-head-for-the-exit/a1107796
Shareholders in Miton UK MicroCap (MINI) have requested to sell over 10% of the investment trust’s shares in the annual share redemption facility taking this place month.
Previous redemption levels have been modest at the £113 million fund launched by smaller company managers Gervais Williams and Martin Turner three years ago. This year, however, the company has received requests to sell from holders of nearly 18.5 million shares or 10.8% of its capital.
If new buyers for the shares are not found the trust’s market value will slip below £100 million, a significant threshold for the big wealth managers that are its main investors.
Good find Croasdalelfc, great name also. It is a very plausible explanation and for that reason I can't see any reason why the share price should suffer in any way. For me this is an out and out buy, with the company's very strong credentials and forward looking, fast moving stance I really can't see a problem from a investment point of view, so onwards and upwards. Good luck to everyone and good morning.