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A steady rise throughout the year will do. That means seeing sustainable growth. For me 100p is not a target, but a stop on the way up. No timetable, no short-term expectations, some retracement and no panic. Assuming the Ukraine situation settles, Nordstream 2 comes online, falling gas prices, inflation pressures easing, less political panic, 2022 could be a decent year to do business.
FDH, thank you for the input. As for PIs, I find that a lot of them are quite fickle these days. I think many have been selling since the last trading update, with one or more institutions sitting on the bid at 78 - 79p taking everything offered, with neither PIs or institutions bidding the price up. PIs are traders more than investors, and will sell out if the sp isn't rising.
As you say, another sign of confidence in the business going forwards. If sp closes above 80p and holds, the trading history of this stock suggests 90p will come very soon, with a trading range of 80 - 90p established. I am intrigued as to what may happen in the run up to results - either a steady rise, or for sp to flatline in the 80's and then to pop 20% plus on the day. The only sure way is to be in it now.
Definitely a good sign that a large shareholder, probably needing to realise some profit, has been able to smoothly handover, a large chunk of shares to another investor. As you say SNN, holding news awaited, though we could be getting a new investor.
Yesterday's news was massive, putting Equals on the same level as the banks with regard to GBP/Euro transactions. Their current and prospective customers will like it, therefore expect it to boost the growth this year. PIs should be buying now.
More 'significant' trades 10am today. 1.8m traded, split 2 times 900,000 - balanced by 1.5m, 250,000 and 50,000. RNSs holdings expected, assuming above 3% threshold? Yesterday's announcement probably more important than mere PIs like me are able to grasp.
Given macro issues, US market uncertainty, and Ukraine, SP holding firm is a good sign of strength.
https://www.youtube.com/watch?v=gA_6tDwJA5k&t=1534s - 25:40 in
Includes comments re recent institutional trades in and out of the stock.
Well, they were arguably getting it cheap anyway. Perhaps they wanted in sooner, a month or so back, but CA held out for another 10p on the share price? Who knows? Perhaps we can expect something similar around the full year results.
But yes, good news for the company, current and new shareholders. We also now know CA's plan is to sell off Equals to other institutions, in blocks and at a negotiated, agreed price (rather than wait for a speculative takeover bid or try and sell to a 'trade buyer' - which I assume means somebody like a bank, fintec firm or other payments processor eg a large credit card company).
Looks like Schroders took about 2m shares, somebody else took 2m ish on the Thursday and Threadneedle took 9m on the Friday - total 13m ish sold by CA. I can guess at reconciling the numbers that way, but I can't reconcile / agree the dates given on the last two RNS's as the 13th (the volume that day was only 3m) as the big trades were mostly on the Friday.
All said and done, looking forwards, the CA stake is no longer a concern. Other institutions are keen to be in, CA is willing to sell, at an appropriate price! The trades on Friday were at 77p - so is that a floor to the share price? Some profit taking has set in this morning, bringing SP back below 80p. As ever, unpredictable day by day, but a no brainer quarter by quarter.
Normally when a large stake is sold price tends to go down not up. Very Good news indeed
Nice CA down to 13% without any impact on a share price
Following todays RNS from Threadneedle Asset Management:
As at 17 January 2022, Directors & Major Shareholders (that hold greater than 3.0%) are set out below:
Name No. of Ordinary Shares held Percentage of issued share capital
Crystal Amber Fund Limited 36,920,000 20.59%
Pembar Limited 24,889,833 13.88%
Jo Hambro Capital Management 12,000,000 6.69%
Schroders Funds 10,549,500 5.88%
Threadneedle Asset Management 9,017,652 5.03%
Stephen Heath 8,648,341 4.82%
Hargreaves Lansdown 7,589,414 4.23%
Christian Levett 7,069,344 3.93%
Totals 107,666,432 60.02%
Copied for reference back to, when required!
Major Shareholders
As at 13 January 2022, Directors & Major Shareholders (that hold greater than 3.0%) are set out below:
Name No. of Ordinary Shares held Percentage of issued share capital
Crystal Amber Fund Limited 36,920,000 20.59%
Pembar Limited 24,889,833 13.88%
Jo Hambro Capital Management 12,000,000 6.69%
Schroders Funds 10,549,500 5.88%
Stephen Heath 8,648,341 4.82%
Hargreaves Lansdown 7,589,414 4.23%
Christian Levett 7,069,344 3.93%
Totals 107,666,432 60.02%
https://twitter.com/CapitalPmh/status/1482005432122101770?t=8zP72XkAnFIEQ1Gs9xdPtQ&s=19
14-Jan-22 13:53:36 77.00 2,943,782 Buy* 74.00 77.00 2m O
14-Jan-22 13:53:27 77.00 450,000 Buy* 74.00 77.00 346.50k O
14-Jan-22 13:53:22 77.00 4,500,000 Buy* 74.00 77.00 3m O
14-Jan-22 13:53:16 77.00 4,500,000 Buy* 74.00 77.00 3m O
14-Jan-22 13:53:05 77.00 500,000 Buy* 74.00 77.00 385.00k O
14-Jan-22 13:52:54 77.00 12,000,000 Buy* 74.00 77.00 9m O
Was hoping to buy some more much cheaper than this.