Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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5.9m showing as a sale. Co-incidentally a similar volume to the recent GS holding. But would they sell at 87.5p? We'll need to see if an RNS appears today or tomorrow. Is the price easing up today?
Big trade yesterday. I assume it was a buy.
and the price went down by a penny a share for the rest of us in that time. Like I said it's opaque, but if GS and Coltrane think the shares are worth 90 is pence at the moment I am not going to argue.
Was just thinking to same thing. Any idea why GS would go above 5% on 6th just to go below 5 % on the 7th the next day, and then update the RNS today.
Todays RNS shows GS have reduced their holding below 3%. By my calculation they must have sold circa 700k shares to do that, but the RNS does not give their exact holding so it could be more. So far there is no corresponding purchase from another buyer. If the shares were sold on the open market in this volume surely we would have seen a drop in price today? I feel that this is getting a bit too opaque for me.
Nice to see they happy to increase their holding....good for them,it's good for me.
GDF. I agree with all you have said. At these prices I am in profit, having bought most of my holding 4-6 weeks back, so in no rush to sell. and Yes - It does seem odd that we are not hearing more from the company given their results for 16_17 are due soon and they have II's all over their shares for the past few weeks. Perhaps its a case of once bitten.....
.....and today another 2m shares changed hands with no noticable impact on the SP. In fact it seems to be tweaking down. Is this the time to buy more?
More bought by Coltrane
GFD. Thanks for the info. Sitting tight and waiting now.
Coltrane Asset Management seems like a fund manager that would be buying for a reason. Anyone know more about them?
Hi there, the FRC are not investigating RCN. They are actually investigating Price Waterhouse Cooper
The trade was done after the close last night but what will be more interesting is who bought them which I am sure we will find out soon.Certainly the market has taken it as a positive which probably suggests the inevitable offer for the company in due course.Perhaps once the FRC have finished their investigation.
http://www.redcentricplc.com/media/2766/2016-17-interim-results-presentation.pdf
A good summary of the numbers but no mention of the interest from II's, nor the outstanding quality of the recently upgraded senior management team. These are the reasons I am in for the long term.
And another even bigger delayed transaction popped up...yet no RNS yet to name the buyer strange,but it will come. Someone/s is confident. Me too. GNGB.
Seen that now. Thanks for the heads up.
And another big delayed trade pop up....like I said further stake building,just follow the money....GLA.
This will rerate, and soon!
"The proceeds of the Disposal will be used in line with the Company's stated strategy of investing in technology companies." Is Redcentric not a technology company ?
Recent MXCP sells, see corresponding RNS from MXCP
Looks exactly as you have described today. Price drop below 90p for some reason. Reasonably big sell close to the end of trading Friday - 500K shares. No RNS associated with that one, so perhaps a PI checking out.
Expecting to see a little drop on the back of a low volume,only to be followed by another huge buy transaction....classic game of stake building. As such the price will drop 1 step back only to follow by 2 steps forward...as always only IMHO. GLA.
Definitely missed that one! First thing i had a look for was an RNS. Interesting to see the details and one to watch! Cheers Schlepper