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I can only think that Genedrive got notified end of week and could not get rns out in time, so it's been updated on website and then will be 7am, why it's already on website, don't know, not usual procedure
there was no rns showing odey or river were part of placing, so would think they weren't...
seems they both held for years, so their investment went all way down to 7p, so maybe they happy to sell
Hopefully RNS 7am tomorrow then a few tr-1s
Lockdown and social distancing was being broken comprehensively with huge numbers flocking to the beaches in the heatwave. The protests in many cities have seen social distancing totally disregarded. Health professional I know are saying informally that they are bracing for a second wave, Which they think could be worse than the first. Given the huge economic damage caused by the lockdown, the Government won’t want to prolong that, unless it is clear that the NHS will be overwhelmed. This pandemic is far from over.
Unfortunately I think you’re correct but I think you can already see the numbers increasing slightly and I think the problem has been the trend of people breaking lockdown rules, it was 4% and now greater than 10%. Alas because of the wide spread (1 in 1000 thought to be currently infected), now any mass gatherings despite the correctness of the protest, is going to lead to an accelerating infection rate. The next 2-4 weeks will see a big rise, just as in Iran and some Asian countries. Government handled the perception of breaking lockdown poorly and have missed opportunities to educate the population about pandemic and how we need to behave to prevent loss of life. Anyone breaking lockdown needs to think on...
Turning out to become a good week this week I think! With all that **** was as happened in London Manchester Cardiff. It’s like covid wasn’t around! Come Thursday R rate is going to be sky high! Peaks everywhere back to square one. And I still can’t go the pub!!! Excellent well done Great Britain
If that is the case we should be free to move up without any background games by the mms'...ma few days last weeks the buys massively outsold the sells but the downward pressure was there.
So a a Tr1 clearing that up followed by a mega buy order say about weds and we could be on our way back towards £2.50..... About time to. Nice work marve.
To add - considering huge sell pressure & market sentiment changing last week (incorrectly IMO), SP has held up considerably well, plus consolidated nice support level.
PP
Well done Marve - certainly another piece of the jigsaw.
Both held for more than 3 years from what I can see (R&M dipped out and quickly back in) - so they’ve both made a good return on exit - unless they held for over 5 years!
If not 5yrs, good profit, sellers have many reasons (especially long term holders), even if we believe further growth to come.
Reduced headwind on news going forward - I expect approvals ahead of sales, but happy to be wrong!
PP
Yes, I agree, web page archive from the 29th May was likely taken before the RNS announced on the 29th am, makes sense. So a good indication Calculus have stopped selling since that date.
The rns from 29th at 11.49am shows calculus at 10.41% so I think they were up to date then
Where have all these idiots appeared from???
Yes, so should see 3 TR1s for Calculus, River & Mercantile and Odey Asset Management on Monday, then hopefully brakes are fully off.
must be rns first thing monday and maybe that is further explanation why we have been held down
logically something did not seem to make sense all week, from the peel action on level 2 to delayed round amount trades and low volume, but maybe this now explains it
I don't recall a Holdings RNS for last 600k sell from Calculus, so may see a TR1 on Monday as that crossed a % boundary, or am I wrong to expect that?.
for some random reason i ended up looking at it, not expecting any change, as we usually never seen website change before rns released
....should have added - shares in issue from 28th May onwards is 44,870,071. Previous to that date it was 34,870,071.
thanks GD93
thanks flying machine. so looks like calculus may also be in [or at the end of] the process of reducing
Welldone Marve...
jack_allis...here is the link for comparison. It was last saved on 29th May 2020.
https://web.archive.org/web/20200529155507/http://www.genedriveplc.com/investor-relations/shareholders.php
I hope this will help.
jack_allis, here are the previous ii significant shareholdings (not including Directors), going backwards in time from today to early May :
6th June :
Substantial holdings Shares held %
Calculus Capital 4,669,282 10.41%*
BGF Investment Management Limited 3,506,770 7.815% *
Spreadex Ltd 1,927,502 5.9%**
Mr Hugh JJ Rylands 1,686,603 3.73%
29th May:
Substantial holdings Shares held %
Calculus Capital 5,269,282 11.74%*
BGF Investment Management Limited 3,506,770 7.815% *
River & Mercantile Asset Management 1,819,957 4.06% *
Spreadex Ltd 1,627,283 3.63%**
Mr Hugh JJ Rylands 1,494,246 3.33%
Odey Asset Mgt LLP 1,434,578 3.20%
24th May:
Substantial holdings Shares held %
Calculus Capital 5,869,282 16.83%*
BGF Investment Management Limited 2,594,270 7.44% *
HSBC Bank plc 1,917,362 5.498%
River & Mercantile Asset Management 1,819,957 5.4% *
Spreadex Ltd 1,627,283 4.67%**
Mr Hugh JJ Rylands 1,494,246 4.29%
Odey Asset Mgt LLP 1,434,578 4.11%
13th May:
Substantial holdings Shares held %
Calculus Capital 5,869,282 16.83%*
BGF Investment Management Limited 4,347,826 12.8% *
River & Mercantile Asset Management 1,819,957 5.4% *
Spreadex Ltd 1,627,283 4.67%**
Mr Hugh JJ Rylands 1,494,246 4.29%
Odey Asset Mgt LLP 1,434,578 4.11%
11th May:
Substantial holdings Shares held %
Calculus Capital 6,588,032 18.9%*
BGF Investment Management Limited 4,347,826 12.8% *
River & Mercantile Asset Management 1,819,957 5.4% *
Spreadex Ltd 1,627,283 4.67%**
Mr Hugh JJ Rylands 1,494,246 4.29%
Odey Asset Mgt LLP 1,434,578 4.11%
interesting, thanks for posting Marve. Shame about these things is theres no snapshot of what it looked like prior to contrast against.
Do you know if the %ages again any of the others have reduced? Just trying to work out if others may still be in the process of offloading.
Great news that Odey and River * MErcantile are out though, should free up the SP somewhat to move up
If the website has been updated the company must have been made aware so RNS Monday 7am x 2.
3.2m shares between them potentially all sold. No wonder we had a lot of selling pressure in recent weeks along with the other II’s.
sorry if me changing topic comes across wrong, because that is not my intention
the genedrive website has changed for substantial holdings, there is no odey asset management or river & mercantile asset management
http://www.genedriveplc.com/investor-relations/shareholders.php
prior to the placing, odey had 4.11% and river had 5.4%
even the placing dilution would reduce them to 3.2% and 4.2% - so over 3% still
wonder where the rns is?