Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Heard about the ii selling down odx but Im presuming that the rumours of nyct being a potential takeover target were also a factor in odx and avacta having a muted day.
Even more confused now as the PI shares were shown separately to the institutional shareholders on the website, the simply Wall Street one.
I think sometimes the confusion comes about because a lot of PI's shares are shown collectively under their brokers names, i.e HL, Barclays, AJ Bell, IG etc - essentially they are shown by proxy. This share is pretty much dominated by PI's (now... I think) but you will not see that many individual "peoples" names on the large shareholder list, as they are masked by anonymity until they get over 3%.
What do people think about this?
In January about 50% of the shares were held by institutions and 30% were held by insiders, im assuming the majority by Mr Sneller, who has been selling and I can’t find to whom - so the institutions could hold a lot more.
Earlier in the year only 18% of Novacyts shares were held by institutions and about 50% by private equity/venture capital types and their share price has not been deliberately kept abnormally low. This is of course just my opinion.
But what confuses me is why the institutions are doing this?
Davde,
Your point is valid however your analogy is perhaps not the best.
It wasn't the general public who released infected hospital patients into care homes killing tens of thousands and it wan't the general public who didn't attend 6 COBRA meetings and it wasn't the general public who did nothing in the first three months of the year.
I suspect us PI's may not be as useless as you suggest.
At one point the guy owned 30% + of the company, and on last official count has 12.45m shares. If he decides to have a sell order for 500,000 shares at 76.5p for example, it can definitely influence the way the day's movements go. No doubt. People see piles of sales, and follow suit or vice versa see piles of buys and no movement and then question whats the point. Either way still think he has a huge bearing on exacerbating things. But as allows DYOR. I see all these people blame MM's for SP action, but for a large part of the past 12 months he has pretty much acted like a MM with the size of his holding - and can manipulate things. Could be bored now he's retired!!!!
I doubt Mr Snellar has had much impact on share price given that ODX is primarily owned by PI's many of whom are basically traders. Its a bit like blaming the Govt for Covid spread when it's peoples behaviours that cause spread!
I agree, he's not done to bad from it!!! though he cashed in quite a few back end of last year too when it looked like he might not have made much money on them. Can't help thinking he's still keeping the price back in check though or his brokers are. Think there will be some serious upwards movement once hes out or stopped selling ... but Im guessing he'll go fully out now.
Sneller has been using some of sale proceeds to buy into Totally (TLY) & now has a min 7%+ stake.
Probably more that he's already 6 bagged. Rich people like to cash in too hey? If he's going for early retirement, time to move it into bonds or free it up for some property bargains after March next year. Very, very annoying however.
Hi, any LTH have any info about why he started selling a year ago? I'm guessing its been discussed somewhere in the forum in the past. I know some elements have been for charity, but majority seems to be funding his retirement. Looking at his holdings he seems to be selling approx 3m - 4m shares a month and has been doing it for nearly a year, my estimations are if he continues to a zero holding it'll take us to xmas. I know he's the brother in law of Jeremy Millard (Omega NED), can't help that his selling is being or has been strategically used for some reason. Any views?