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You need to have a monthly read on it to know when it changes because dates are not often accurate.
Blk didnt sold this month for example.
JO Hambro has 950ks
Here is morningstar ownership page link for sept.
https://www.morningstar.com/stocks/xlon/ncyt/ownership
Jo Hambro added 610,000 in Sept according to them and Blackrock sold 235,570 to hold only 47,391 (0.07%) again according to them & in absence of a TR1.
Lets see what changes there are when Oct is available.
We don't know for sure, but some of the trade sizes looked distinctly out of PI range
That we can't now for sure 100% brokermanstan.
But when you see a 80k shares buy, there are no much pis that Can afford it imho.
On novacyt, for tr1, ii need to have 3%. Then déclare every % above so 4%. 5% etc. Cf aim admission rules on ncyt website
You will not know unless it exceeds 5 % in France and 3 % in the UK if my memory is correct.
How do we know it was indeed funds buying on Friday?
Thanks for the confirmation Larry.
Fonzey.
Blackrock is still here in fact.
Dunno why morningstar shows them as sold.
From my knowledge, they have 1.9m shares.
I know that from the wsj website in ownership, and confirmed through Bloomberg.
@fonzey thanks but morningstar is updated as of 30 sep and shows nothing for blackrock.
Sir Digby, according to stockopedia Blackrock are holding 2.95% or 2.1million shares in Ncyt. Last report date July 19 2021. Vatel hold the most at 3 million.
Fonzey
Bluelight this may be cheeky and you're free of course not to answer but I've seen it claimed recently that blackrock are still holding here just below notifiable on Bloomberg terminal yet morningstar show nothing for them. Any chance you could shed some light on that?
Thanks & all the best
I get it through a bloomberg terminal I have, but it costs around £1500 a month. If you don't want to stump up there are some free sources that upate less frequently. Others can provide you with the sources as I dont tend to use them personally.
Thanks, it was great to see the move on Friday. I was curious about the speculation this week. Can I ask how do you get the official holding data?
There will be no TR1 as it wasn't an institutuonal investor buying, I would see it in the official holding data. Not sure why everyone is excited about 'crazy' volume, it was only just over 1% of shares in issue traded. It will make these large moves as it has been so heavily oversold this year, doesn't need much at all to move it 20% at this level. Get used to it as we will likely continue to see increased volatility and high percentage moves, all of which create day trading interest and associated higher volume. Its not someone loading up, its not a short closing, its simply such a low price it encourages oportunistic trading.
Should we expect a TR1 if the volume of transactions on Friday were an institution buying in as is usual under UK rules or not?
RNSs (look at 1 Oct 21 as example - copied below) make clear the company is bound to declare changes in shareholding according to the French Code & its articles and is NOT under the transparency rules of the FCA.
The volumes on Friday tracked by Blackbird Investing on twitter (>7m) would suggest someone was buying in. 71m shares in issue would mean 700k shares were 1% & 2.1m would be 3%. There'd be no reason not to think a stake was being accumulated/ this is not a deramp to try to buy in cheaper etc but without confirmation we do not know.
The last TR1 was filed back in March & by Blackrock. I wonder whether notifications are only made by UK institutions running on autopilot or whether all institutions, such as those who may have been buying on the continent on Friday, are obliged to declare interests in the same way. I believe they are but it seems strange not to have ANY changes declared since March, nor any this week, doesn't it?
Does anyone with experience of French disclosure requirements know if a TR1 is to be expected if a stake is being built or how it usually is done?
Thanks.
Text from RNS 1 Oct 21 under total voting rights
"The total number of ordinary shares in the Company is 70,626,248. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company pursuant to Article L. 223-7 of the French Commercial Code and the Company's Articles. The Company is not subject to the disclosure guidance and transparency rules made by the Financial Conduct Authority under Part VI of FSMA. "