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Comek, the parts you pasted from the RNS’s state that it was a sell.
Just looking at the % voting rights.
On the 21st it was previously NA and resulted in 5.498%.
On the 26th it was previously 5.498% and resulted in ‘Below Disclosure Threshold’.
Do you see why it was a sell now? Is there anything about the above that is still confusing?
@comek2 - You realise the 34,870,071 figure is the total number of shares in GDR, not the number HSBC hold?
1st RNS shows 34,870,071 total shares, of which HSBC own 5.5% of them (i.e. they bought)
2nd RNS shows 34,870,071 total shares, of which HSBC now sit below the 3% threshold (i.e. they sold)
@comek2 no one screamed or tried to deramp, it was a statement of fact, because we had an RNS that showed HSBC sold some shares and it was worth some discussion - certainly not this long a discussion though
HSBC has now disappeared from the significant holders section of the company website. I think that clears the situation up.
Magsy18, jamesg99 etc....my last post on the matter. But explain how could the “RESULTING SITUATION” BE THE SAME FOR BOTH DATES, if there was any sale? Keep putting down your share price without realising it, thus falling for the derampers who screamed “HSBC sold”, lol. And I’m quoting from both rns below:
26th May HBSC Hilding rns:
”Resulting situation on the date on which threshold was crossed or reached Below Disclosure Threshold Below Disclosure Threshold Below Disclosure Threshold 34,870,071
Position of previous notification (if
applicable) 5.498 % NA 5.498
21st May HBSC Hilding rns:
”Resulting situation on the date on which threshold was crossed or reached 5.498 % NA 5.498 % 34,870,071
Position of previous notification (if
applicable) NA NA NA
I still find it interesting that the date is Thursday 21st, only 750k was traded that day, Friday 22nd was the day we had 5m volume
Either HSBC holdings rns was meant to say date crossed 22nd or we should get some more notifications from Friday's action
filter list growing by the minute
Can the upvoters of comeks ‘analysis’ please declare themselves to show their support to the great man. (And also so we know to completely ignore anything they say too)
comek2 - ONG. Please go and read the RNS carefully.
I see the goons and trolls have turned up. I'm going to switch off this BB for a bit now. Goodbye.
@comek2 geez give it a rest, you're wrong, admit it and move on.
@ben said 2.5% because the last threshold to be crossed for notifications is 3% i.e. 5.5% - 2.5%. So they sold at least 2.5%...
Ben just block him.
My god.... read. the. RNS. Properly. One is the previous position one is the resulting positon.
Both RNS have different resulting positons. Don't take into account the fact it states the total number of shares in issue on the far right column as being their holding.
I'm not trying to explain it to you anymore.
lol, i'm going to get some popcorn, it's like a reasoning question comek2, Bridget had 549 apples, Bridget runs the apple shop, by law she needs a sign up outside saying if she has over 300 apples, in the shop, but not less. Bridgets sign now says no number, how many apples has Bridget sold so she can turn the sign off?
ben1093w1, you just quoted the figure if both the shares and % being the same for both dates 21 and 26 May and yet say they sold 2.5%, lol.
So your basic maths tells you 5.498 % - 5.498 % = 2.5%, lol. There is no - (minus) but using it for the word “sold”. Please show us where the 2.5% comes from, you or anyone disputing the figure the SAME FIGURE OF 5.498 % I provided for BOTH RNS’, for God’s sake!!!
Certainly read to me like HSBC had sold, the only confusing thing is threshold crossed on 21st which was Thursday, but it was Friday which had the 5m volume
Our website still showing HSBC and they usually have it updated soon as any change
http://www.genedriveplc.com/investor-relations/shareholders.php
We know HSBC acquired from BGF at £1.50, so I first thought they simply took them off BGF hands and decided quick rise we will sell, but again back to the dates, the notification says Thursday 21st
Think we are due a few more holdings updates
Samolly why is clarifying that HSBC sold meaningless. When they bought in, it wasn’t meaningless?
@bench they bought last monday and sold some on thursday so was priced in last week, so as you say, onwards and upwards!
Because it has to be issued by law when thresholds are crossed
@comek2 getting abusive doesn't make you any less wrong...
Just to reiterate so you can stop looking like an idiot
21st of MY Holdings RNS
HSBC increased holding from no previous reported position to
Resulting situation on the date on which threshold was crossed or reached
5.498 %
26th Holding RNS
HSBC Previous notifaction holding 5.498 %
Result of new notifaction
Below Disclosure Threshold
Hence they sold at least 2.5%
Jesus
There wasn't any new in the news! Just got a lot of people confused!!! Why did they even released it as RNS????
@comek2, there are 2 lines, the one thats important is the one which says below disclosure threshold, which is the current situation, which as Ben says means under 3%, we dont know any more than that except HSBC sold at least 2.5%.
Perhaps you might be the effing idiot.
Resulting situation on the date on which threshold was crossed or reached Below Disclosure Threshold
Below Disclosure Threshold Below Disclosure Threshold 34,870,071
Position of previous notification (if applicable) 5.498 % NA 5.498 %
Are you that dense that even rereading it with your mistake you don't understand?
Most recent RNS states =
Resulting situation on the date on which threshold was crossed or reached
Below Disclosure Threshold
Which if you knew anything, you would know this means they have sold to a positon that is below 3% so they no longer have to report their actual holding.
Who is the effing idiot now?
ben1093w1, where do you see 3% holding you effing idiot? Here are what both rns show, EXACTLY THE SAME. As I said it would have been a duplicate albeit it with different dates of notification 20 vs 22 May. See a wrong reading led to weak holders selling or mms taking advantage by dropping the price NOT AFTER the rns but AFTER SOME IDIOTS HERE WRONGLY AND SOME DELIBERATELY SAID HBSC SOLD. Muppets!!!
Resulting situation on the date on which threshold was crossed or reached
5.498 %
NA
5.498 %
34,870,071