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@dryland - Yes I understand that they also have a track record of not releasing timely TR1's if it suits there position look at DDDD as an example I believe TREK has raised this with the FCA and they are looking into it. Acacia's movements matter not especially with the price rising as they are unloading they are obviously being absorbed well.
I'm more interested in understanding the characteristics of our CEO and how he responds to probing questions.
I'm being serious. I don't think you understand the TR-1's and are jumping to conclusions wrongly.
Rich,
Are you being serious or are you just trying to have the last word again ?
They would have used the date of the 31/06 instead of the 01/07 if that was the case .
There is a fine line between late reporting and lying on a RNS which the FCA would not appreciate , imo
@ghia its common knowledge acacia are selling all the pharmas that hey picked up for a song after Woodford's demise. There are lots of articles referencing it. Easy money for them.....
Who else thinks Richard gave a subtle hint in his video that Acacia where planning to offload further?
As a CEO you know fairly well the intentions of your major investors. If he knew they where holding there would have been nothing stopping him from saying I've been in touch and they are staying put for now.
Instead he answered that it is up to them to inform the market of their dealings which to be fair it is, and low and behold TR1.
I have a lot of faith in Richard as a CEO he's been very precise in his delivery.
I can’t see why Acacia would show their hand unless they absolutely had too. Seller advertises he’s selling and he won’t get top buck for his shares. In my view they are cashing out and they would have known once the RNS was out the game was up. I suspect they will be lower than their last declaration and will be getting lower as I write. Or I’m wrong and they are keeping their remaining stake. Either way it’s not a bad thing. And who is buying?. News to come I think.
Yes. It's easy. Those are two snapshots of their holding at a certain point on a certain day.
The 3m trade could be as a result of a load of buys spanning several days/weeks being filled from their holding of a lot more than 3m.
It might be that they've given the broker batches to sell, and when the 3m was done, you saw it hit the feed.
I think you're just misunderstanding the TR-1s.
Nolupus... it could possibly be , that 3 million were sold upto 12 noon say on 1st July.....2nd RNS
...and then 3 million in a block trade which is yet to be RNS'd
Rich ,
Two photos are enough to show that their position was reduced by 2 % between the 10/06 and the 1/07 with the 3 million trade on the 1/07 so show me how they were selling between so please !
No but you're not understanding them. They're just a momentary snapshot. You seem to be wrongly inferring something about them not selling.
Rich ,
They can't lie on their RNS ....
Looking on the bright side it's pretty obvious that Acacia's stake is being bought by another institution the block buying before and after the 3mil trade was not a PI.
My fag packet calcs for Acacia:
Shares left = 11m,
Assume 20% of trades are their sells, with an av turnover of SNG shares of 4m per day,
then need 11 x 5 / 4 = 14 trading days to clear them out.
If good news drops then the 55m target sales will be earlier.
Not long to wait now imo.
No. That's not how it works.
9.55 % On the 10/06
7.55 On the 01/07 so
They had'nt sold any shares from the 10/06 to the 01/07
Rich,
You said that the 3mill share trade on Wednesday was Acacia
They issued a RNS today stating that on Wednesday they crossed down to the 7.54
So
Those RNSs don't tell you that.
Nolupus,
You can’t know that. Another TR1 could land anytime. We know someone has been selling, Acacia doesn’t have sticky hands, the list of possibles is not particularly long amongst the main shareholders. Only time will tell.
Just trading.
So do we blame Acacia entirely for the drop in SP when it looked like we were on our way up?
They seem to file multiple TR1 at the end of their selling (please put me right if I'm wrong), so my guess is they have finished for the time being. Not saying they won't offload more next month.
Rich ,
Compare the 2 RNS and you will see that they were not or just marginally
Of course they were selling in the last fortnight!
Miggy,
I cannot agree with your statement because acacia weren't selling in the last fortnight except for that one trade on Wednesday ....
The volumes of sales is therefore not to be put down to acacia so who ?
Yes it looks that way. Anyhow good luck everyone lets hope they bug off soon and let the affected companies breathe. Cheers all DJ
Deepjoy,
Thanks for your post , I was aware of the contents but I don't think it was posted here before .
Acacia , basically borrowed much of the cash to buy from Link and are turning over a large part of the link shares to repay the money , imo
Everything is relative. We should resist of worrying about others.