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ShearClass look at 23rd February RNS. There’s your buyer.
Again it's worth noting that there are at least two order book buyers here - FCH are placing bids on the book which are being filled by the seller, to the tune of 241k today. However there are other significant buyers taking blocks of 100k.
Once sellers are exhausted then the only way is up, and having additional large buyers is extremely helpful. Very interesting to watch it play out.
Loving this
Indeed, nice RNS, just goes to show and support how the mm's have a habit of reporting the large buys as sells, let the buyback continue and propel the share price to reflect the underlying value of the business which is substantially higher.
Looking v good
Much better -
Agree , just imagine how little free float will be left as authority to buyback 36 million shares will do wonders to the share price here.
I suspect T Rowe are the sellers, as they had been reducing their exposure to the UK for quite some time now. To get the best out of this investment I think you've got to take a 6-12 month view - i.e. give them time to buy the shares back and let the price squeeze higher. They have authority to buy back up to ~36m shares before the AGM in mid May, so it will be interesting to see how many they actually take out of circulation before then. The main takeaway is high volume = a good thing.
A little patience will be well rewarded
It makes sense to buy as many as possible before the US deal is announced.
Well well, nice 250K buy sneakily shown as a sell, offer gone up
Hopefully some of these larger trades are going to be bought back
Does the company have some timeframe by which to do these buybacks?
Hopefully breakthrough 50p today.
My exact thoughts shearclass
I think what's more notable today is the buying volume excluding the buyback, there is clearly a big buyer in the market hoovering up more shares than the company can...
Looks like they will need to up the target price from 47p if they want to start cancelling meaningful amounts of shares.
Looks like theres gonna be a 7pm RNS every evening.
RNS .The latest company shares purchasing.
Thanks for the auction update - really appreciate this kind of news.
Closing auction again interesting. A seller showed their hand early doors with 200k on the ask, this was matched pretty quickly with a 200k buy order at 50p, buys vs sells was about 2v1, with some 400k of buys left on the book at uncrossing. Again, it's easy to be bullish here just due to the fact that they could buy back 53m shares at these levels and the top 4 holders of >16m shares have held since the IPO at £4... Look forward to seeing how many they have bought back when the RNS lands later.
Numis just cleverly buying what they can buys showing as sells offering higher bid is a clue
Heavy back back underway. Who would be a seller here now. Answer...very few.
75,000 delayed buy just printed. Held back for 1 hour
My hunch but the 49200 and 100 000 are buybacks ? freefloat will be long gone as they have £25million of buybacks to carry out.