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CPI sell something like 100,000 a day approx if I recall and take months to sell anything notifiable. Unlikely to impact the SP significantly like the other two.
For God's sake nobody mention CPI. :-0
They've updated DT's 17.8m holding on the website Soup. 42m shares to churn through between the pair.
Yes DJH, they're just hypothetical musings.
Can you imagine though, if somebody was working to that goal, they might tempted to offload alot of their own holding in order to rock the boat and unsettle the confidence of other investors. I mean, they'd get everything back if they succeeded. It would certainly help to make things uncomfortable for any new team trying to get things back on track. Cause more stress and pressure.
However, if I was doing something like that then I would be feeling very exposed right about now. If Anne and team did deliver something in Q1 and things started to recover then it would all have been sacrificed for nothing.
I can't see anybody being that stupid, so its just a silly thought.
Although based on conjecture I believe it's a good, valid and on-topic point you raise. We can all theorise and you may be on to something, but without knowing it is just another possible part of the puzzle.
As an aside, I seem to remember a rather large number of votes being raised against the re-election of Keegan and Blackwell at the AGM last year. I thought it odd at the time given that they were the ones we were all counting on to steer us through the mess that had been created.
I wonder who that was and what their rationale was too? It seems senseless on the face of it. What would they have achieved if they had been successful? Would the company have failed and gone into administration? How would those shareholders have benefitted? Wouldn't they lose everything too?
The only way I could imagine such an influential group of shareholders actually benefitting from the company going into administration is if they were well placed enough to salvage the parts they wanted on the cheap and take it private again. I suppose you could make it all back and much more.
Anyway, sorry to go off topic. Not sure why I thought of that.
Good luck Anne and team!
It's an obligatory notification as per the following (I believe). Only the shareholder and those they're in contact with know if they have finished selling or not (and their reason(s) for selling) so be careful of the assumptions made by many on here. Apologies for the informative post, it may send the regulars into a frenzy. As you were.
5.1.2 R
5.1.3 R
¦ Release 5 ? Mar 2021 www.handbook.fca.org.uk DTR 5/3
A person must notify the issuer of the percentage of its voting rights he
holds as shareholder or holds or is deemed to hold through his direct or
indirect holding of financial instruments falling within ¦ DTR 5.3.1R (1) (or a
combination of such holdings) if the percentage of those voting rights:
(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10%
and each 1% threshold thereafter up to 100% (or in the case of a
non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%,
25%, 30%, 50% and 75%) as a result of an acquisition or disposal of
shares or financial instruments falling within ¦ DTR 5.3.1 R; or
(2) reaches, exceeds or falls below an applicable threshold in (1) as a
result of events changing the breakdown of voting rights and on the
basis of information disclosed by the issuer in accordance with
¦ DTR 5.6.1 Rand ¦ DTR 5.6.1A R;
and in the case of an issuer which is not incorporated in the United Kingdom
a notification under (2) must be made on the basis of equivalent events and
disclosed information.
[Note: articles 9(1), 9(2), 13(1) and 13a(1) of the TD]
There just aren't sufficient buyers for them to sell unless there is news. They have circa 42m shares between them, there's no way PI's can mop that up.
The good thing is they will have reduced a reasonable amount ahead of news, but they will still be selling into strength. It's almost as if they have an ulterior motive.
I just hope they dump all their holdings this month before any of Anne’s update/news.
DT certainly doesn’t deserve to make anything from NFX going forward
Good to see so many averaging down though. Or buying in with the expectation of the next rns.
ATB
True, I'm holding onto any hope that any SP rise on news won't get completely smashed back down by those 2
I just hope that any rise they eventually sell into has so much force that it leaves them with a severe sense of regret for dumping what they have already.
Or is it the obligatory threshold tr1?
So why get the tr1 now and not when they get to 3% have they stopped selling?
No chance Filter. They'll sell into any rise just as they have in the past.
Leopard and spots and all that.
ATB
It is frustrating, we just don't have the volume at the moment for them to sell any quicker. As some have said fingers crossed the next news will be substantial enough for them to change tact and hold
I agree, 3% is still a lot of shares held in this case - such a frustratignly slow process but still, bit by bit they are going.
Happy to see this, once the volume increases significantly from here what's left for DT/AC should be cleared.
Changed my tune re: news, I'd be happy for news to land on the 31st March now, if they're going to sell at least 1m between them by then we'd be in a better place without being held back too much.
Better now than later, hopefully should be rid of them both this year at some point
They're like a double act, offloading at the same time.
True, although not a fan of 3% being the reporting base, should really be 1% as it means he will still have 15m shares and we won't have visibility as to whether they are being dumped or not.
Almost below the 3% threshold for DT...
Whoever updated Chorltons holding on the NFX website this morning could have held off and updated DT's at the same time.
Bit more being sold off by DT. Unsurprising.