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https://www.investegate.co.uk/ajax-resources-plc/rns/holding-s--in-company/202301171326060169N/
Increased his holding from 4% to 5% of the company
Seems like he’s loading up big time
There are at least two investors now who are both making sizeable bets on the future of Ajax and have put their money where their mouth is. When you combine this with the fact that the directors themselves own about 25% of the company then there are a small amount of people here who own a very large amount of the stock. The big question is - what do the TR1 holders know that we don't.
I'm going to do a bit of research into them this evening and see what I can find out . I'll keep you updated.
They are loading up before big asset news I reckon mate
Seems like James and Olga Simmons are good at picking stocks before big rises.
https://ukinvestormagazine.co.uk/aim-movers-poor-first-half-sales-at-optibiotix-health-and-stakebuilding-in-drumz/
“ Shares in investment company Drumz (LON: DRUM) have risen on the back of stakebuilding by James and Olga Simmons. They took a 3.04% stake in May, and this has subsequently increased to 5%. The share price rose 24% to 0.775p and it has risen 47.6% over two days. “
I believe they know the company is due a big rise with a new asset or some good news coming.
It’s now an 8% stake in DRUM and 5% in PXEN looking at the registers
Check out Aidan O’Hara, he is also a TR1 holder in PXEN DRUM AJAX
Some smart money moving in here
The proof is in the investor results, these investors loading up in Ajax at these levels know a big run is coming.
From the research I did into James and Olga Simmons and Aidan O’Hara last night they all seem to be high net worth individuals who like to take significant early-stage stakes in small cap companies and it spears that they have been pretty successful at this so far.
James & Olga Simmonds and Aidan O’Hara own TR1 stakes together in three of the same companies: Prospex Oil & Gas, Drumz PLC and Ajax Resources. What is noticeable is that they have held all of these stakes for some time and neither party appears to have yet sold any shares in these companies. They appear to invest for the long-term.
In Prospex O’Hara was the first to invest on 15/06/2021 when his TR1 announced that he had acquired 11.5 million shares representing 8.03% of the company with the share price at that time approximately 2.5p. He continued to buy up to up to 4.7p by which time he announced he held 17.725 million shares worth 7% of the company as new shares being issued had diluted his holding.
The Simmonds’ first issued a TR1 on 27th October 2021 announcing that they had acquired 5.325 million shares at approx. 3p worth 3.01% of Prospex. They continued issuing TR1 until 7th November 2022 where they bought at approx. 10.75p and owned a total of 14 million shares worth 5.02% of the company
At the current share price of 14.75p Aidan O’Hara’s 6.36% stake in the company is worth £2.6 million and it looks like he is up over £2 million on this investment. James and Olga Simmonds who own 5.02% of Prospex worth £2 million also seem to be up about £1.5 million.
In Drumz Aidan O’Hara first issued a TR1 announcement on 19th April 2022 for 15.5 million share or 3.69% of the company and gradually increased this to 21.025 million shares worth 5% of the company. The Simmonds’ first announced a TR1 on 12th May 2022 was for 12.7 million shares worth 3.04% and is currently 30 million shares worth 7.14%. The value of O’Hara’s stake is currently £189k and the Simmonds’ stake is £222k. They are up less significantly here at around £60k and £50k profit respectively.
Ajax, we know about. The initial TR1 announcements for both of them were made on 14th November 2022 when O’Hara announced 1.89 million shares 4.03% and the Simmonds’ 1.55 million shares 3.31%. They have both made two further announcements and O’Hara now owns 3.04 million shares 6.49% worth £320k and the Simmonds’ 2.346 million shares 5% worth £250k. They are both already significantly up on their investments, O’Hara up by approx. £180k and the Simmonds’ by about £90k.
Lets hope that Ajax can do something similar to Prospex and increase in value from 4-5 times the original buy-in price of these investors. That would certainly make me happy.
The players who have taken an early entry in Ajax give me confidence this stock will reach 50-100p within a year or two.