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Well, 8.4% actually. This one, Crux, say they manage long-only equity investments.
More sticky hands, as they say.
That brings us up to 928m, so just under half way. From my calcs'.
Dont suppose they will under .40 ?
Meant dont suppose they will sell under 0.40
I doubt it, looking at websites they seem to be out for long term investments only. Looking like these are proper II's, not the typical aim ones that flip shares for small profits. Looking good!
I doubt it, looking at websites they seem to be out for long term investments only. Looking like these are proper II's, not the typical aim ones that flip shares for small profits. Looking good!
@Si_Derman "long-only" means then don't short equities, it has nothing to do with the duration.
Okay, Kibuc. Thanks.
It appears that prior to the H & W acquisition, II’s were a scarcity for Infa, therefore are we to assume that they have invested in Infa purely for the H & W side of the business? I think the answer to the statement is 100% yes. I wonder if some of these funds were involved with H & W previously? I will have a look and see if I can find out.
I would take this as really good news especially if the majority of the new issue is held by these institutions, as Si states we are now just half way through the new issue. If the majority of the new issue is going to be held tightly I see that as very good news indeed. It means the shares will not be traded in the short term and Infa will have a very good base of institutional investors who will be around for a very long time, assuming of course H & W is steered in the right direction. It also would mean that although the shares in issue has increased tremendously, let’s call it 4 billion, it does not impact too much on the potential for significant sp rises going forward.
Once H & W start logging contracts and attaching numbers to them I can a re rate here, added to which we still have the Q4 news incoming for IM, so for me a win win situation. Maybe it will be a Merry INFAChristmas again!!!! After all!!
Mr T