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Thank you sir. It will interesting to see what happens.
With a viable business and with the sp at such a low level, it is logical imo for other big players to increase their holdings and maybe for newer big players to build up a stake. Whether this will go lower and how low is debateable but the market cap is already way too low imo and at some point the sp will correct back up and to a much higher level. Any positive notifiable interest will surely boost the sp imo.
Vicjain,
If big players are buying a shed load of shares then they will have to release an Rns disclosing that holding.
Ronwin,
From my limited knowledge, a large investor doesn't have to declare until they reach a minimum amount, and I have always understood (through my experience) that the starting point is 3% and then every 1% increase thereafter.
Im certainly not saying you're wrong, and may be it's a case when I've experienced new large investors buying, that they bought x amount which meant it automatically took them to 3%.
I think until a new investor (if a large insti) is mopping up the new floating shares, then we have to presume they're not.
We can't guess someone is in the background buying, but we can make presumptions if large trades are going through.
It's going to be an interesting 6 weeks until the end of July, when all should be revealed how this company performs.
Very good discussion without condescension. I would have thought that M&Gs departure is managed to some degree. If I have read it right an existing II would have to declare themselves after buying 1% of the shares.
Is it a reasonable assumption that if there is a declared buyer then the SP is likely to rise?
For me, the business is feasible and flights will continue as lockdown eases across the world and revenue will start coming back for FJet. The market cap is very low at these levels and should be much higher imo...Hard to say if M & G will keep selling or if they have stopped. Could also be bigger players are mopping up many of these shares whilst the sp is in the doldrums. At some point the sp will shoot back up imo as the market cap is looking unbelievably low.
I'm only basing my lowly opinion that M&G will be looking to offload all of their holding due to the turbulent times they are currently going through with suspension of certain funds due to a cash crisis.
M&G need money, and may be they would rather invest in other companies that (possibly) offer stronger returns for their investors.
Fastjet is undoubtedly a risk, and M&G have gone through new management, and as with any new management, they clear out some dead wood.
I'm not sure what I would do if I was heavily invested here, as I've got my money back and have a free carry, and I would absolutely not encourage anyone to buy or sell in any share.
That said; I have the luxury of letting this company carry on without risking my money, and we all know how hard it is to earn it.
I still hope the Fastjet part sale and new flying routes will offer a bounce at these levels, and I fail to see how those 2 huge factors won't offer a return from this level but, if M&G are offloading all of their shares then the Sp will drop further.
And, to me, that is inevitable.
Good luck folks.
Ok thank for clearing that up.
I have a small holding here and share the opinion that M & G want out rather than down size their holding.
I guess like you have said, we will have to just wait and see what happens.
May be this was the big news BigLnt said he knew but couldn't share....
Everyone shouldn't listen to Robin Hood investors spouting their knowledge.
Listen to yourself and decide on what you know, and all the best with any decision.
Myk3,
When you say a "buyer" are you referring to a new insti investor?
If so, when any buyer (whether insti or private investor) crosses a certain threshold of shares bought (I believe the first stage is 3%) then their holdings has to be declared.
And then any further 1% increase has to be declared, which is the same as when any large investor sells.
It looks like M&G are going to sell their entire holding, and sadly with the late reporting of the Rns' all we can do is wait and see if any large trades go through (generally at the end of the day they get reported).
If M&G keep offloading their holding the Sp will fall below that of 0.1p.
It just depends whether the market can soak them up.
ATB.
This is the million dollar question. we have to wait and see how it all pans out.
If there is a buyer, what are the rules with regards to them having to release an RNS declaring their buys? Does anyone know this?
Got an RNS alert from Advfn showing M & G plc have reduced their holding further from 17.32% to 14.93%, threshold crossed 12/06/20. Strange this is not showing on here. I assume this is why the sp has been falling last couple of days. Wonder if they have finished selling or more to come....if they are selling...is another big player buying?
Some poor mm probably has been landed with a tonne of this stock as he/she has had to try make a market.
16-Jun-20 16:28:54 0.170 14,155 Buy* 0.15 0.17 24.05
JT16, yes I do, just frustration comes out sometimes, its been a long day>>>
"JT16, I agree, don't get me wrong, I understand theirs probably a big seller somewhere, its just the MM don't show a fair market..."
The MM's don't declare the trades as a sell or buy - you do understand that, right paz1
You can dress it like you like but it’s my opinion...and it’s from many years investing. But I’m not he’ll bent in my ways to acknowledge other investor opinions. As we all know you will win some and lose some!
Sp definitely being controlled and manipulated by the MMs. Does seem more buys relative to sells yet the price is not reflecting this it seems...how long will this continue i wonder and for what reason....the market cap is looking very low and undervalued...but for how long?
MMs hold reserved stock, they're obliged to fill order's by tempting sell order's,
Let's see the aftermarket trade's.
Think in general they’re printing them correct, but if you do dummy quote you can see this! Bottom line is MMs holding this down no matter how many more buys than sells.
4.29pm
14155 shares bought at 0.1699p - this was me as a tester.
lets see if it comes up as a sell or buy.
JT16, I agree, don't get me wrong, I understand theirs probably a big seller somewhere, its just the MM don't show a fair market...
It’s call MM manipulation, and for experience investors here is clear as water to spot!
Latino
I have just done a dummy sell, its at 0.1581, fact, so you are correct, they are just holding it for some reason!!
Second that, MMs not letting this move..they’ve put a stopper on this...no matter what!
so o.1695 are sells, I don't think so, and 0.17 are sells, I don't think so, I actually can't identify any sells for the last hr
Yes, but there will be people on here stating that black is white etc, and their actually sells !!!!!