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I agree no comparison to Parsley box.
I have said from the outset this is a day traders dream.
It can go 20 30 or 40 per cent up a good share to trade on a daily basis .
Look back do your own research this will trade up to a £1.00 this week
Confused
On the 25th April you was saying this will hit a £1.00 tonight you have a different opinion. What’s changed ?
Meal was quite different! I do think this will continue to be a traders dream on the run up to delisting. 55-75P range seems reasonable but I do expect a bigger spike, how many times have you seen the same pattern with companies going down this road, literally every company has a big boom prior to lights out.
Be in no doubt that Axa will sell, there is no way that Axa will end up as a bag holder in this situation. For the newbies, have a look through Parsley Box who are registered as Meal on LSE. Mags was a great protagonist in that one as well. Slightly different scenarios in to the reason why they delisted but it will end up with the same ending. Go through the chats, and it will resonate with the banter on this BB. GLA.
If the seller is AXA:They had 9 million to offload:bad news if they continue
02-May-23 15:12:30 57.00 200,000 Unknown* 114.00k O
Wow... the timing of the transaction here looks like this was a sell. Let's hope that's the last of the big sells and we see blue Tom
doesn't look to be enough buyers to hold this up atm, might need to revisit 30p area to attract more new blood.
Some real suspect tampers in here talking about where the SP is heading by close of play. I see you
and I see IPBO website mentions its last update was dec 22 so what do I know lol. Seems someone is selling though and my guess is it must be them
Not that I'm aware of. Could be that someone has added the other circa 5.5% ,owned by other AXA entities, to the 5.5% owned by AXA Investment Managers UK.
https://www.morningstar.com/stocks/xlon/ibpo/ownership
my turn to eat a little humble pie lol, I saw someone post 11m earlier on and I read that as 11%, my apologies. From the info on Stockopedia they had 11.6m shares 6.1% but IBPO website now states 10,547,575 shares and 5.55% so the selling down still applies if IBPO site is most up to date
See it on their site apologies!
How do we know they are down to 5? Haven’t seen that RNS
imo some posters here doing a job for Axa to try and keep the sp propped up to an extent while they sell, the supposed big buys are probably Axa/other sells, as we already know they reduced from around 11% to around 5% and why it's down big again today imo
That’s a polite word to use.
I knew something someone was holding it back
Onwards and upwards from now
Wow who ever says the stock market isn't bent ha!!
A £700 quid buy at 57.80p then the price is 62.80p to buy and holds around 60.50p .
All 4 minutes after that 77k SALE was filled.
Price dropped slowly from 65p to 57p with virtually the same amount of buys and sells before that.
Don't you just love AIM
Hi Trotsky - If a majority shareholder (owning 70%+ of the stock) could simply do as they choose, and deliberately prejudice minority shareholders (so as to devalue their shareholding, avoid paying equitable dividends etc), there quite simply wouldn't be any privately held companies with minority shareholders. In the UK I believe this is covered (but please don't quote me), as I'm no expert) under section 994 of the Companies Act 2006.
Additionally, I personally don't see what Aggarwal (with his 80%+ holding) motivation would be to treat other shareholders unfairly. Currently and understandably, given the recent demise of the share price, I can see why delisting the company isn't perceived to in the interests of the minority shareholders but who know's what might happen post delisting. Aggarwal's personal net worth has taken a hit of £200m+ in the last week, which I'm sure he has a plans to recover (and some) post delisting.
Anyway just my thoughts and appreciate the healthy debate.
Best and Good luck.
Nice spot neiL! My gut said we were filling something so good to see it confirmed. Onwards and upwards now
I don’t think we need to be to worried about the price at these levels I think when we hit the £1 plus then we need to decide what direction it will take.
Till then enjoy trading it
blue finish 65p today
A 77k sale @57p then we took off. Another big seller out and let's hope it's blue from now until Friday
Blue close today is possible!
Trains leaving now, glad I topped up 1300 shares at 57p. Was a little uneasy doing it as wasn't sure where we would go...
Neil777
We should get to 65p
I’m confident we will be back to mid 80s by Friday if not before.