Member Info for bear0429

Miton didnt take part in the placing at 11p so anything they sell they are well in profit

Could be mike. Remind me, you do hold a position here right?

You seem very unhappy, are you sure aim is for you?

This did 40% in a day a couple of weeks ago, did you forget that?

If you invested without knowing this mike, it says a lot!

I see the late shift were on last night - badgers with nothing better to do on a Friday night, sad really!

Also see a share profits article on bloe is our, can’t read it as I don’t subscribe. Anyone able to reveal the just of it?

https://resources.mitongroup.com/srp/lit/7Jdl5m/Manager-Commentary_LF-Miton-UK-Smaller-Companies-Fund_30-06-2019_US-Prof_UK-Prof.pdf

from mikeinvest on twitter.

would be very surprised if we see 8p again here

I agree that it is frustrating but think that is a bit too strong....PH has over delivered on everything so far. There will be numerous components that are required to come together before news can be released. We as PIs will be the last to know. What fills me with confidence is the sp is just above the recent placing that numerous ii's took.

Its all about patience. News will come

yep, great opportunity for a top up at these levels

Yes, continued Miton selling is an interesting one for debate. Will they continue to sell or have they taken some profit to satisfy some of the redemption's - who knows! From what they mentioned they would not have to disclose there position again - they are now under the 5% holding limit for a ucits scheme.....

yep, a new one for me too.

Queried this with Block and Miton as it was bothering me and I just wanted clarity.

Block stated it was up to the investors and not up to the company.

Miton's response:

Thanks for your email. After the recent placing, Block Energy’s total issued share capital is 393,538,662 which is the denominator used for this TR1. As stated in the TR1, as at 16th July, Miton held 18,624,967 shares which equates to a 4.73% holding.

The 9.17% refers to the position of the previous TR1 notification which was submitted in June 2018.

As per the Disclosure and Transparency Rules Chapter 5, as a UCITS scheme Miton only has an obligation to make a notification on the crossing of 5%, 10% and any thresholds above 10%. In this instance, the 5% threshold was crossed and therefore a TR1 notification was submitted.

I hope this explanation will suffice, but happy to provide more detail if needed.

So there you have it.....

I agree and therefore they surely should have disclosed after they placing indicating they had gone below 9% to 6%?

Surely they have had ample time to do this and it is a requirement

Interesting comments regarding miton on Twitter. 10% fund redemption of miton funds??

Who knows!!

Of course there is risk Ryan but you could argue why did Amati take more in the placing? Their funds have far out performed miton.....does that suggest anything?

Anyway don’t invest what you can’t afford to loose and all that. I’m happy with my holding and the risks involved

Yep. People are making out they have sold half their holding which isn’t the case

Agree on the notification but surely they should have?

Either way there holding post placing wasn’t 9.17% and therefore they haven’t sold half of there bloe holding as the tr1 makes out.

Percentage holding dropped to 6.11% after the placing

Think that tr1 contains an error. They didn’t have 9.17% after the most recent placing. They never tr1 after the placing.

There percentage holding dropped to 6.11% or 23,750,000-according to the significant shareholders on blocks website.

So not as a dramatic a drop in percentage holding

absolutely. I am in the same boat. Bought initially in the 2s but have added as and when I can, I plan to continue doing this.

News is due on multiple fronts over the next few months. Patience is required. GL

I don't think its being smug...why shouldn't LTH's be happy? especially given some of the rubbish that is spouted by relative newcomers worried/panicked over the slightest of moves and not being spoon fed the news they want, exactly when they want it?