Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Haha Enrico, very good
Scinv is always wrong Ghia - it is his Modus Operandi!! Utter fruit-bat!
"According to simpleywallst it is 60.8% private investors, 37% institutions and 2.3% others."
Others are as follows: Handjob (0.3%), Handjob's sister (1.0%), Hanjob's pub landlord (1.0%).
Scinv.....it’s a double edged sword. Larger funds don’t want a small shareholding relative to the size of their fund so avoid anything small-cap. Accumulating a decent holding often isn’t possible with a small cap as liquidity often isn’t there. Hence the slow accumulation of shares by Polygon. And only the sale of a small portion of Polar’s holding has enabled them to get to 5.01%.
If you look at the Morningstar list you will notice a few 4 and 5 star rated funds; indication outperformance over the long term.
According to simpleywallst it is 60.8% private investors, 37% institutions and 2.3% others.
I think it's been established, quite a few times on here, that around 65% of SNG is owned by PI's and 35% by II's. That 35% has probably increased.
There has also been a Bloomberg screenshot which shows various other investors who aren’t PIs.
Don’t know the exact percentage however PIs have significantly less than 80% of the outstanding shares.
Wilts, understood but yet this is the case. On one hand not every large fund might be allowed to invest in AIM companies or perhaps it will be restricted in how much relative to their assets they can innvest in AIM companies. But om the other, this is a £300M company, so it doesn't require huge amounts to have >3% ownership. Anyway, thanks for the list.
Impossible to say; Morningstar only cover the U.K. funds; takes no account of other shareholders such as Tikvah etc. Nor Polygon o tinders any other shareholder who holds less than 5%.
Golden rule IDD
Ignore derampers & disrupters
That still means that about 80% of the shares are in private investors hands.
A lot of larger well known fund managers will be prohibited under their mandate from investing in AIM-listed companies. Which explains the II names on that list perhaps being less than “household” names
Absolutely correct; there are a number of smaller funds which have a stake however it’s below the notifiable threshold.
There is a list here
https://www.morningstar.com/stocks/xlon/sng/ownership
Sorted out :)
I mean on your naive basis boohoo a 4bn plus mcap only has 3 IIs.....
So over 3%? And has it been shorted out who is holding less than that, that is not a broker, MM etc?
Scinv - Sorry but you are completely wrong there.
Only holdings above 3% and 5% internationally are required to be disclosed.
A hold several investment funds that have SNG in their portfolio for starters.
That’s not entirely correct. A lot of funds actually hold but below threshold FYI
The only institutional investors Synairgen has are Polar and now Polygon. The company says so themselves and they update that information regularly as evidenced by the most recent update that shows polygon. Despite what the "experts" say here, everyone else that hold shares is either a private investor or a broker or on behalf of private investors or MM.
Thanks Ghia. Do you know if Polar have increased, or decreased, their holding in AZ?
MessDog..exactly...3 July (2), 15 July (1) Reduction RNS's from Acacia...20 July Positive Trial Results RNS from SNG...BINGO...BOOM...
Let's see what next week brings.....
Azn in line to buy SNG001?
Two bits of info that are kicking about on the closed forums.
Someone saw the Aurora nominees holding at 4.5% early March so polygon increased recently but not in one big hit hence the share price action has been pretty flat.
Polar selling a few was also known about.
Interestingly if you look at the polar fund they are carrying a larger % of cash in the fund and have also increased significantly their AZN holding.
I suspect they are just adjusting the risk profile for the new fiscal year.
@DPC, of course it's not good news but at the minute it's not really bad news. If they keep selling then it may be more worrying but maybe Polar bought more than they ever intended back when shares were cheap and selling before these results could mean they are virtually risk free here.
Which would actually be a very smart strategy