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some shares purchased at very low levels.
Still retain a large holding for the longer term
I’ve just done a fill or kill order for a third of my shares for Monday morning with a limit of 95p. Let’s see if I get lucky!
Will this fall lower short term? Hoping to top up at 75p if I can
Lower?! It’s turned down an offer of 105p
Only way is up from here
I think it depends on what happens next. 2 obvious scenarios spring to mind.
1. Platinum (if still interested) will have put in a fresh revised offer in over the weekend. Or will do at some point in the foreseeable.
2. They'll have decided not to proceed, & walk away.
Hard to know which way they'll jump until we see what we see. Either way, we all know the outcome of the sp either way. Too close to call at the moment.
Judging by all the institutional buying and RNS triggering holding announcements they must be fairly certain that a deal is incoming.
Good morning Millionaire,
This is not strictly true because there have only been two significant changes in the holdings from the opening positions declared on 29th January.
Sand Grove Capital have increased by 1.14% and The Bank of Nova Scotia have reduced by 0.66%.
Total holdings declared were 37%.
Good luck all.
Millionaire - the notification of current holdings is a requirement for major shareholders in the event of a takeover.
In the case of the institutions they are invariably longer term holders of a share and what we can’t know from the declarations of holdings alone is when the originally invested or if they took the opportunity to add to their investment when the price was low.
If there had been significant purchases since the news about platinum had been announced that would indeed suggest that they think a better offer is likely but as London points out there’s been little movement. .If anything at the moment the only time their holdings come in to play for us as private investors is when a formal offer is made and the board make their recommendation for or against. Because usually it’s their votes I total that swing the result one way or the other.
Interesting that there appears to be no rns this morning saying platinum are out so we are in the same place we were when the boards rns came out on Friday, guessing as to what platinums motives for the take over are and whether the brains deal scuppers their intentions or not.
Opening bell will be interesting that’s for sure!
Looks as if there may be a small retrace before anything is announced, will be great if I can top up even 80-90p
Based on it going up briefly on open then pretty much holding at 99p despite all the panic sellers??? Wishful thinking. If a deal wasn't still suspected it would have retraced already. It's backward thinking to wish the SP to go down if you've already invested LOL
I sold last week for good profit, but personally I wouldn't begrudge it going up more for all the pre-2020 holders......and maybe to ****-off Supercharger.
Hi all,
Interesting RNS from the National Farmers Union which shows that they are happy to sell circa 0.8m of their 14.2m holding at 100.93p.
London
It certainly appears that they have sold about 1.1mill at 100.93 which I guess is broken down into smaller parcels as they were holding them in different funds ?
So it looks as if the buyer was paying 101p.
Interestingly as well Bank of NS has also declared a sale at 101p which would indicate that they sold to the same buyer.
Soon the buyer will reveal his identity, maybe Supercharger decided to turn his Tesla on a sixpence again....
Thanks Barchid, I hadn't notice that.
Very interesting.
Has everyone left the building or are the pubs open.
lol what you talkinboutWillis... it's called averaging down, in other words if you buy more shares at a lower price then you can accumulate more of them (rather than buying/topping up higher just to see the price retrace). Which means when this will hit the likes of 1.20 come spring you can expand your profits
Joe
Very true, it always amazes me that many posters seem to hate to hear any caution ever expressed, apparently if it's not about to go into orbit it shouldn't be posted.
Every discussion has 2 sides to it, perhaps when the pandmic allows Kew Gardens to reopen some of these moon shot posters could visit, they would then surely notice that trees don't grow to the sky !
I totally understand the concept of averaging down. It's just to openly wish for a significantly lower sp the moment a decent upturn happens- at a time when we're hopefully the road to recovery as the end of lockdown nears- is generally a very backwards concept! By all means say you're happy for a lower sp in defiance if the sp has subsequently slipped a bit.... but it had literally just reached the highs of above £1!
Lucky you , I had a little shuffle of my portfolio in January and sold at 70p to focus elsewhere , can’t win them all I guess