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Causally insult Pot/Ketle/Black xx
Bern, your ability to casually insult your fellow posters is second to none.
If you think that the daily volumes are all genuine I'm lost for words. You know as well as the rest of us that MM's have pretty much free reign to do as they will with movements and place the Bid/Ask anywhere they like. If you feel that there were genuine holders who let go of 20million shares, I can't say I agree with you. There could have been enough chancers who bought in to the last rise I'll grant you. the vast majority of shares are held by long termers IMHO
No doubt we will have to wait until the last possible moment as there will probably very little in the way of good news IMO. It will be interesting to see how much Ford attributes any slow down to Covid-19 as he hasn't deemed it necessary to mention it so far.
Alf
Re "who freed up all those shares for Mr L to buy? Or did MM's sell shares they didn't have, and then got active on the boards to try to drive down the sp ?"
Well, according to https://www.londonstockexchange.com/stock/PXS/provexis-plc/trade-recap just under 140 million shares were traded in June and July. On the assumption that pretty much half that volume were sales, that gives 70 million.
Lucas bought just over 20 million shares between the end of May and early August, which still leaves 50 million to spare, so, as conspiracy theories go, you're on a par with Wellsite !
Anyway, we'll see how the company was doing in the last FY sometime in the next 53 days ...
BB
Begs the question, who freed up all those shares for Mr L to buy? Or did MM's sell shares they didn't have, and then got active on the boards to try to drive down the sp ?
Rhetorical question, I think I know the answer.
I also added a few.
Aha! So there is someone left alive in pxs hq
SIte updated https://www.provexis.org/shareholder-information/major-shareholders/
wellsite, as i said on Monday.
"Starting to sound really desperate there zeusvalhallah. You opened a short?"
Of course there could be other reasons why he is desperate for the share price to go down.
sphinxy
all will be revealed within 55days.........
W$
WS all a bit clandestine , could be they didn’t want sp to rise today , imo there could be some news on Monday .
BB
It’s anyone’s guess..........
RNS after hours on a Friday, what’s all that about ?
55
W$
Wellsite
Re a" seat on the board "- it's a possibility, he's a NED, or has been in the past at Daniel Stewart.
Re "he probably had a bit of help........" -Wow ! It almost sounds iike you're implying he's had people trying to drive the price down for him ? Nothing wrong with a bit of paranoia like, but that does sound a bit far fetched.
BB
A seat on the board ?
Well there is good chance he may buy us out ,because he has increased his stake quite a bit giving him a bigger stake in voting rights ,the saying is the company is ripe for picking
Buffet fook a major stake in Tesco,didn't go well
Naz
he probably had a bit of help........
Does this indicate we won’t see any more dilution ?
W$
Who knows, but I doubt Lucas will be making an offer for the company....doesn’t seem a fit for him, an investor yes, but currently I don’t see it any more then that
Requirement for a mandatory offer: Where a bidder is interested in shares carrying 30% or more of the target’s voting share rights, the bidder must make a mandatory offer in cash at no less than the highest price paid during the preceding 12 months (often referred to as a "Rule 9 offer"). Mandatory offers can only be conditional on the bidder receiving acceptances that, together with any shares already held or acquired during the offer, would give the bidder and its concert parties more than 50% of the voting rights. As such, bidders cannot rely on other conditions to protect themselves.“
What ever going on ,he's got the shares much cheaper than a month ago
Just got a notification, now owns over 9%!!!
That’s not much shy of 200million shares now
Buffet, be greedy when others are fearful
RNS released after 5pm last night so missed it.
He has 9% now and you have to wonder what his target is.
Nope, thanks. didn't see the notification. He's up another 21 million or 1% over the last couple of months then.
Did anyone else see Lucas has increased he's holding yesterday
So all the people buying from HB are doing the same :you want it both ways;get it into the narket:then complain when someone buys it! Have had my monthly subscription from Pxs for years xx
I sincerely hope we don't lose FF in one form or another. It's a truly brilliant product but in the wrong hands. We need a bid by DSM to rid us of Ford, O'kennedy and Buck.
Gixer and others have been doing the BOD's job for nearly 10 years. The SP remains at just over a half of one penny and the company has remained completely silent for the WHOLE of 2020!