Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
My guess is someone wants to drop the sp rather than raise it. With such a large closing sp, it makes it look like a large drop when the market opens on the following day. Some shareholders set trailing stops on their holdings, I.e. their shares are automatically sold if the sp drops by a set percentage.
Triggering these sells will cause the sp to drop further, enabling someone to buy in cheaper. They lose out a little on the 168p OT but gain more scooping up the auto sells the following morning.
One reason for the recent drop appears to be Dallo. Selling down. He had a fairly hefty stake at one point, but now down to below 3%. He was a staunch supporter of enet and put a lot of money in at higher prices so this can't be easy for him.
This is more than just a punt from Ive and Brown. They know what is coming down the pipeline for the next set of results and they are filling their boots at these prices. I like it.
Linista increased their holdings from 8.4% to 9.7%, despite the dilution from the placing.
But the Korkmaz holding RNS is slightly confusing. Didn't take part in the placing, so number of shares stays the same, but % holding is diluted from 71% down to 67%. However, their RNS makes it look like they increased their stake from below 3% to 67%.
Considering how well-run Sys Group have been over the past couple of years, that isn't really reflected in the share price or enthusiasm for the stock.
There are no indications that Zeus had any reason for wanting to leave, so I'd agree with your analysis, Rivaldo, that this is a sign of a management team that are very keen to grow and want more time in the spotlight.
A very well run company, I have faith in the board and direction of the company.
Accesso's offerings have great potential to grow in demand from new customers and also to provide continuing custom from current clients.
Another weapon in CNIC's armoury, to provide complete webhosting services.
Forward thinking from the board's strategy to position CNIC as central to domain hosting.
The "business" side of the business has been well-run for a while now, even through the suspension. It's the HR and internal corporate accountability that had the problem.
This share is still worth more than 30p, esp. with divi coming soon.
*decent-ish
So the seller is a NED, selling 10% of their company's holding after a big rise to fund another investment, which is fine.
But I wonder how much co-ordination there was with the share buy-back scheme keeping the price inflated for a major shareholder (12%) while they sold-out a big chunk...? The timing is certainly convenient.
A couple have put in a decenitish amount of money, but what's up with Judy Happe and John Burns slinging in about £500 each!?
Go hard or go home, eh?
RNS doesn't say whether it's an employee plan or scheme.
I've been holding here for a while, and first bought in at a much higher price, having been invested in PYC before that.
I bought a big chunk (for me) at 11p recently and top sliced some at 15p, but still hold most of them, and holding at a slight loss. In hindsight I would have etc etc etc...
But if this drops below 11p placing price, I'll be buying again. Otherwise, I have enough for now. The long-term future of the company's IP is superb. It just depends what happens to the shareholders in the meantime.
Open Offer to bog standard PIs is cut back from £0.5m to £0.3m, despite being oversubscribed, in order to give more shares to existing big holders.
Will we expect to see a TR1 from Adam or Nicholas Slater in the next day or two?
Good spot on the numbers there.
That's a huge amount of downward pressure now relieved :)