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That article is dated 5/4/18
AJW. I looks like Miton have about turned at Anglo also.
So quercusrobor what happens if this is just the start of them selling off ALL of their holding .........if.if if.......who knows..I'm a bear of little brain and tend not to over think think these things........- there may be another RNS TR1- very odd timing to sell when we’re apparently on the cusp of great things - that doesn’t seem odd behaviour to you?......
nothing further to add. ... other more informed people here have already said it all.
.....of course.....if you are of a nervous disposition,feeling dizzy....or prone to getting headaches......well....there are several courses of action I could recommend/suggest.....
So quercusrobor what happens if this is just the start of them selling off ALL of their holding - there may be another RNS TR1- very odd timing to sell when we’re apparently on the cusp of great things - that doesn’t seem odd behaviour to you?
End of the day, it’s been factored in.
Imo it won’t make a scrap of difference tomorrow bar anyone panic selling.
Milton have been selling, they are sold and bought. Job done
You could question why, but it’s just speculation but the delay in flow rates combined with Milton reducing could be seen as negative by some
We will see I guess
aj- I was hovering over the buy button here today, when it pulled back into 11's again and decided not to, as the stock had been weakening over the last several sessions. Looks like that was miton and buyers were struggling to soak it up.
I hold zen from 2.7p for 2/3rds of my holding and am comfortable with it as things stand.
I have kept this on my watchlist ever since selling at 15.66p.
See what happens in the morning.
I think a holding of c. 10% would not be an acceptable position (risk) for an II like Milton .
C. 5% is still a sizable holding and a vote of confidence . IMO .
GL .
Without sounding naive but selling before 16az flow rates and spud? Why? Surely you’d be selling into any rise.
But this would explain the lack luster SP. held well considering Milton in that case
....they sold just over 5m shares and still hold about 18m......so??
Cant really see a big issue...just risk management, just another days trading tomorrow...either red or blue....and maybe news...
....my thoughts exactly
re..they are also booking gains as their small companies fund and micro cap fund is underperforming. they are both about 20% down in the last year...
quite so...and rightly so imho
why some folk are getting so over-vexed about this cant think....perfectly normal...its usually a sign that ppl dont have enough to do!
"Either way, markets like this do not like seeing major holders dumping stock "
if i remember correctly the markets did not like iis parting with £12m to buy stock either...
Cant really see a big issue...just risk management, just another days trading tomorrow...either red or blue....and maybe news...
fair point well made bear . I am just cynical as it has happened to me so many times before! good luck.
if i recall, they may have been part of the 12 month lock in agreement at IPO, which ended in june 2019. They may not have been able to sell and as Block has been a star performer for them since they bought in at 4p and their funds are underperforming overall. Not sure on volatility of their funds, so they may be rebalancing.
Either way, markets like this do not like seeing major holders dumping stock - sends out all the wrong signals and means the buyers will be absent tomorrow, whereas holders who were unsure are gonna dump.
have a look at HUR today- following a sale by a connected party......open your eyes... classic p and d chaps. gald I didnt come in at 14p when I was nearly persuaded....
Of course there is risk Ryan but you could argue why did Amati take more in the placing? Their funds have far out performed miton.....does that suggest anything?
Anyway don’t invest what you can’t afford to loose and all that. I’m happy with my holding and the risks involved
20/03/19. Tr1 Milton 3.1% holding and nothing since, so unsure why
they are also booking gains as their small companies fund and micro cap fund is underperforming. they are both about 20% down in the last year.
until they sell more?If this is such a cert why would they sell at all? There must be risks people are ignoring.......
Yep. People are making out they have sold half their holding which isn’t the case
they sold just over 5m shares and still hold about 18m
Agree on the notification but surely they should have?
Either way there holding post placing wasn’t 9.17% and therefore they haven’t sold half of there bloe holding as the tr1 makes out.
bear - no error on tr1 - the percentage shown is the holding as at the last notification. Since that notification the raising of equity has diluted them down to 6.11%, however, they did not issue any TR1 notifying the change of holding as a result of the raising.
Percentage holding dropped to 6.11% after the placing
Think that tr1 contains an error. They didn’t have 9.17% after the most recent placing. They never tr1 after the placing.
There percentage holding dropped to 6.11% or 23,750,000-according to the significant shareholders on blocks website.
So not as a dramatic a drop in percentage holding