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IKO increased holding from 6.85% (as of 31st Dec 19) to 14.77% (as of 28th May 20) - that’s a heck of an increase!! Also looking and the majors in this, they hold approx. 60.63% of shares... not an awful lot of free float for the PI’s...
You are ignoring most of my post.
Clive said Iko have held shares in SIG for years.
https://otp.tools.investis.com/clients/uk/sig_plc/rns/regulatory-story.aspx?cid=296&newsid=1084357
Clive’s post is misleading. IKO massively increased its holdings since December 2019:
https://www.sigplc.com/investors/information-for-shareholders/information-on-major-shareholders
Thanks Clive.
Wow , Its getting close.
Lap trays up, cabin crew to cross check please !
Check your buckles guys , will need to be strapped in tomorrow , on the runway, confirmed, all clear for take off .
Prior to November 2016
https://uk.advfn.com/stock-market/london/sig-SHI/share-news/SIG-PLC-Holdings-in-Company/72916946
IKO have always held shares In SIG.
SIG are the biggest distributor of IKO products in the UK.
Every year there are rumors of Iko T/o just because they are a majority share holder.
Well another 200k buy has been filled. MMs filling these orders.......bring on the holdings RNS I want to know the buyer
Just had a look at holdings rns... on 10/1/20 IKO TR/1 that they had gone from 6.8% to 7.9% - so when did they buy the 6.8% as i cant find a TR1 going back through all of last year?
Then obviously they continued to buy to hold just under 15%
In which case IKO would basically signal that after January 14th (date bought at 94p) they will possibly make a full bid which would in the meantime artificially inflate the share price (Wouldnt that be great!!).
Maybe they would/ have purchase the necessary shares to take them to around the 29.99% level and declare that they have no intention to make a bid but that would only preclude them from buying more shares for 6 months!!
I would have thought that there is a possibility that a stake is being built through II's which will be revealed via RNS in the morning that "may or may not" lead to a bid.
As previously mentioned I would not be surprised if that was the case if its Kingfisher. But thats obviously conjecture and purely my own opinion not based on fact or rumours.
This time tomorrow we will all know a little bit more and hopefully (on paper at least) be a little bit richer!!
All very exciting!!
Their friends may well be buying on their behalf.
IKO could build a stake to 29% for sure and I firmly believe this is what is happening.
I’d take £1.20 On an IKO T/O dont want to be too greedy.
But for now aiming for 60p.
So it would make sense for IKO to buy asap up to 29.99% of the company's shares to get as much as possible on the cheap, without reaching the 30% level where it would be forced to make a T/O offer.
Remember that IKO cannot put in a bid for less than 94p a share which is the highest they have paid for the shares on the lst 12 months (Rule 9).
Therefore it would be a miracle if IKO were to bid in the near future!!!
Would love for it to be IKO, they were paying far more a few months ago and were happy to do so... so it would make sense for them to keep loading at such a low price and taking everything they can
Buyer is key as we haven't seen that - Is this being held as when this comes out the SP will sharply gap up. My view is IKO
Me.
Yes... I want to know who is buying!
Under the notifiable 3% level now so unless they buy/increase their holding. We won't see them again.
BB
Norges bank sold another .2% ish upto the 26th.