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casapinos, how do you look at the SP movement while CA accumulated 4m shares?
A novice like myself would expect the demand to result in a positive movement in SP, while on the contrary supply is created for the new demand at a lower SP using existing nervousness/panic/fear.
Similarly when the SP went from 32 to 36p, CA were still offloading. There were few 1.5m orders which pulled the SP down from over 36p to close at 35, but still green on the day CA completed its offloading.
Not simple supply and demand is it?
But maybe he has taken a leaf out of Neil Woodfords book (it will all come out alright in the end, especially as I keep taking
those fees)
CA have recently bought about 4m HUR shares taking advantage of the recent fall in price,and as is typical of Bernstein, backing his judgement.
Having said that, he holds stakes in Allied minds- down 40% in the last six months , Northgate - down 14% in one month and he has doubled his stake in De la rue - down 60 %in six months so maybe his judgement isn't quite as good as he thinks!!!
Worried not worries!
Ash that’s total ****** with all due respect. It’s about number of shares not the price. They sold a few then they bought a few. They simply lowered their average. I hate them ;)
how would a change in SP change their percentage of shares?
Apologies if already posted, but I notice that Crystal Amber Fund Limited (an AIM-listed activist fund investing predominantly in small and mid-cap UK equities) has increased its holding in HUR from 4.81% to 5.03%.
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I'm not sure if they have bought or sold any or, more likely, just crossed the notifiable 5% mark with the change in SP.
If they have bought any it would just be a small amount to take it back up to their usual 5%. If the SP goes up again we will probably get another RNS saying they are back below 5%.
The ****ers traded it!! But good to know they are not exiting. That worries me a tad.
Apologies if already posted, but I notice that Crystal Amber Fund Limited (an AIM-listed activist fund investing predominantly in small and mid-cap UK equities) has increased its holding in HUR from 4.81% to 5.03%.
A small maybe, but significant piece of news during present troubled times...