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Its better than the mirror! A proper paper I will get it later.
MK not everyone takes or wants the Guardian.
In essence what relevance does the supplement have towards CIR?
Today's Guardian ... 8 page supplement
Do they have a strategy? Some Investment Managers are getting criticised, even Edinburgh Trust are not pleased and have sacked Invesco. One particular Manager, Mark Barnett has come in for serious criticism. Mark Barnett was a pupil of Neil Woodford. In view of Woodford's investment problems, is it possible Barnett has been dragged along??
Shield Therapeutics (STX) an interesting parallel perhaps with regards institutional antics.
Right at the lows back in May 2018, and JP Morgan offload their stake around the 20p level down from 5.37% to unnotifiable:
https://investegate.co.uk/shield-therapeutics--stx-/rns/holding-s--in-company/201805040920351547N/
Nov 2018 and the shrewd Richard Griffiths takes his stake from unnotifiable to 7.79% around the 30p level:
https://investegate.co.uk/shield-therapeutics--stx-/rns/holding-s--in-company/201811081821098434G/
The price shortly thereafter rises strongly with Richard Griffiths trimming along the way but still holding nearly 5% at the current 185p (6x his purchase price):
https://investegate.co.uk/shield-therapeutics--stx-/rns/holding-s--in-company/201911291531372099V/
Yes, it'll be interesting to see who's been buying.
Large amounts so not likely to be PIs. So could well be any of Richard Griffiths, Oryx or Lombard Odier adding.
They've all shown themselves to be keen buyers building up significant stakes in recent weeks, so may have welcomed the opportunity to add in size at the current levels rather than having to chase the price.
The greater the % of the free float in sticky hands, the better the opportunity for a sustained rise over time.
As expected, it was Invesco, or at least primarily them. Sold approx. 12.5m since their last TR-1. Does that account for all the activity yesterday? I’d also like to know who bought them.
Nice calm day for a change
It seems that Invesco are selling out of almost everything that was co-owned with Woodford, regardless of potential. Agree that it’ll be good to get the holdings RNS to confirm what they’ve reduced their holdings to. Hopefully sub 10% but likely still a bit higher.
Thanks ShearClass. I was aware of NW and Invesco’s holdings, and I’d like nothing more than for what must be an imminent TR-1 to evidence selling from them. I’m perfectly happy with the company fundamentals and I think it’s a great recovery play from here. Seems strange that they’d sell now however, given the recovery in play here.
Rubbishinvestor, you are surely aware that Invesco have been selling down their shares for months - they had 28.35% back in June and were down to 17.41% at the end of November, so they still had 65m or so remaining. I’ll be very surprised if the 25m or so sold today weren’t from them.
I see this as the final act in Circassia’s escape from the death grip employed by the heinous Woodford & Invesco combination who at this time last year owned nearly 60% of the company.
If it wasn’t for the fact that Lombard, Oryx & two directors had bought significant amounts recently I could understand worrying over the daily movements. Once Invesco are clear I expect a sharp move up to 30p+ and then a sustained recovery to 80p or so. The market makers want to spook PI’s into selling their shares cheaply, give it a few months and things will look a lot different IMO.
It doesn’t look like it got dragged down as severely as the past three days. No flurry of AT trades from what I can see.
Besides, there seems to have been a post-close 700k share buy (although after today it’s probably a sell!).
Don’t know what to make of it now. Hoping that value will turn the tide in the next few months, but it sure is difficult to ignore this price action.
It got dragged down again at the bell ?? not good for us
Arsenal is truth in that, he (RG) doubled his money in JOG and moved here. Suggest this need to move quite a lot to give the kind of profit that would encourage him to Sell, besides a dynamic Pharma is a little different to high risk Oilers.
Ah I see. Not ideal.
On the brighter side, even if he’s part of the crew that are selling, who is taking up the shares? RG is very exposed at 27+%, so it wouldn’t exactly surprise me if he started reducing his position. I don’t want to see that, however. This can’t just be SG now. Invesco still had 65m to clear so they’ll almost certainly be playing today.
It’s all a laugh eh.
9.5 million since 45 minutes to eleven
RG His known for dumping in large tranches and marooning other holders
Perhaps this is why RG sold a chunk of STX - to free up cash to take more CIR when SG and Invesco came to the table to sell up?
50k added just now by me at 19p.
These are changing hands. You can sell over the quoted bid just now
Agree looks like someone is buying or the drop would be worse
RG is known to do what? Reckon he’s taking up the sales from SG and Invesco perhaps? Someone has to be buying those massive chunks.
someone is keen
R G is known to do this