3 x RNS's1 Jun 2013 01:25
Has no one noticed that 3 Separate RNS's were released today?
11.43am - Black Rock Inc have a holding of 9.14%
http://www.investegate.co.uk/outsourcery-plc--out-/rns/holding-s--in-company/201305311143300176G/
11.47am - Black Rock Smaller Companies Trust PLC have a holding of 3.08%
http://www.investegate.co.uk/outsourcery-plc--out-/rns/holding-s--in-company/201305311147590178G/
11.49am - Black Rock UK Smaller Companies Fund have a holding of 3.42%
http://www.investegate.co.uk/outsourcery-plc--out-/rns/holding-s--in-company/201305311149420181G/
So in total Black Rock already have a holding of 15.64% - Quite substantial.
I am sure that if more folks were aware of this then the SP would have advanced considerably today. Give it time.
But just who are Black Rock?
According to Wikipedia - BlackRock, Inc. is a multinational investment management corporation based in New York City. As the world's largest asset manager, BlackRock is a leading provider of investment, advisory, and risk management solutions. The company acquired Barclays Global Investors in December 2009, solidifying its position as the largest investment manager in the world. As of September 30, 2012, BlackRock has $3.67 trillion in assets under management.
Founded in 1988, initially offering fixed income products, BlackRock has since evolved into a prominent financial vehicle. According to Ralph Schlosstein, CEO of Evercore Partners, a New York-based investment bank: “BlackRock today is one of, if not the most influential financial institution in the world”.
Yet somehow Black Rock see the benefit of owning almost a sixth of little Outsourcery, I very much doubt that they did this without a lot of background research. Add to this the other II's that have already taken stakes and PI's have every reason to be confident in the future.