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Starbright - that’s factually incorrect. All oversees purchasers are governed by the market of the issuer and not the market they are on. What you’re referring to is the regulation for when the issuer is a foreign company that’s trading on our exchange.
GGP are the issuer.
If newcrest were building a stake they would have to follow the same fca regulation of 3% and 1% after that to be reported the next day.
Happy to quote the regulation if really needed but it’s easy to look up yourself. The confusion for people seems to be around the term issuer but on the fca website there is a definition link and it’s quite clear. Ncm aren’t the issuer GGP are and therefore anyone purchase has to follow the 3% rule regardless of where they are from. It has to be that way otherwise they’d be at an advantage to anyone uk based.
Good night to you too, You total lemon. Last post so you can get another quid to your name. Get a life Joe 90, but somewhere else please.
Viking , I have nothing against you but you are way off the mark, talking utter nonsense and becoming very annoying. But goodnight to you too
My Lord,
How can you continue with this nonsense. You are past tiring. Just go away you parasitic joke. It’s boring old bean. Your continuous sucking up to the posters who you think will give you some kind of credence around here.
Well, listen up buddy. It does not wash after all the crap I’ve seen here over the past few years. Just go away and spread your total Botox somewhere else.
The majority of us here are long term shareholders in GGP and we want the company to realise its immense potential. You for whatever reason palpably just want to cause disharmony. So just go somewhere else you total goon.
Apologies to all you decent shareholders here but I had to get that off my chest.
Good luck to the GGP gang,
Mike
Bloggs, beware of "the pack of wolves".Your favourite catchphrase from your same old creations we have to endure.But Guinness Book of Records maybe contacting you!
Goodnight JB
VK. Same as Tymers, I have JB as T as the same
@notrader, he (MaxwellDtarney) said: "Vultures are hovering. Is Greatland the target? Absolutely no. Newcrest is the target."
Maybe I misunderstood. He's not exactly the most precise user of the English language..!
Anyway, turning in, JB borefest dominating this bb again.
Viking, goes for you too, if you have nothing worth saying in relation to me then don't say it, you all sound the same with your attitude so change the record
Notrader, all his creations the same! Same patter, sames phrases, pound a post I would say.
ATB
Viking
Notrader, it was a civil straightforward question, if you don't won't to answer it then ignore it but drop the attitude, it really is tiring
Starbright - totally irrelevant post. He was talking about GGP not NCM.
Joe - why do you feel the need to post on every thread, even when it adds nothing to the debate. It's almost as if you were getting paid for each post.
If someone is building a stake in NCM then Australia's "Substantial Holdings" regulations will apply (not FCA regs) because NCM is an Australian company with its primary listing on the ASX. I think that disclosure is required from 5% of voting rights onwards.
I don't think anyone need be worried by the idea that a buyer can acquire a significant holding without declaring it until their order has been "completed". I expect that Australian regulations won't permit this any more than UK regs do. The notion that holdings disclosure can be easily circumvented in this way is a tired old LSE myth, up there with "any bid must be at the highest price in the last 12 months", "1-share-trades" and "set limit-sell orders on your shares to stop them being lent to shorters". All nonsense...
Little bit like yourself JB
Notrader, is this guy Maxwell just at the wind up, seems to post late on with no detail
"until an order is completed in full (as in I want to buy 2.5 billion) no declaration has to be made to the exchange until that order has been completed in full"
What a load of rubbish Maxwell, that would just make a mockery of reporting substantial positions as holders could just hide behind orders
Maxwell - can you cite the regulation that states no declaration has to be made until the order has been completed in full.
The FCA regs are quite clear that notification must be made whenever a prescribed %age threshold is reached or passed.
Maxwell, if you throw something like that into the mix please add some detail
Maxwell , where does your information come from, this has been a concern for me
Cheers Midnight.
Sorry to say, but the majority don't want to see what I see.
A non UK based buyer is building a substantial hold.
Why? I think I know.
Bear in mind, until an order is completed in full (as in I want to buy 2.5 billion) no declaration has to be made to the exchange until that order has been completed in full.
My point - Vultures are hovering. Is Greatland the target? Absolutely no.
Newcrest is the target.
All in my opinion of course!
Manipulation possibly??
More worrying to me is how £160 m can be wiped off a company with an MCAP of £800 m within 4 minutes of the opening bell (12/10), with very little trading.
Sailing close to the wind regarding outright fraud methinks but what do I know. I'm sure some members know a lot more than me regarding the vagaries of AIM
Are the MM’s there to create a market or to corner it?
Just asking for a friend!
Your posts are always appreciated Maxwell
Screenshot and saved
All the very best
No doubt this post will disappear within seconds.
836578 shares. whole transaction(s)
In entirety this trade has been booted around for 3 days now.
Why?