Member Info for CharlieMunger

Seem a few of the Private Equity shares are getting significant buy ins and it seems like confidence is returning. Oakley Capital ( OCI ) had similar massive inflows today.

14:50:20 BST GBX389.5p 1,916,600 £7,465,157.00 OB 389. 392.5

Share price ticked up 1.75%

12:20:51 BST GBP450p 874,593 £3,935,668.50 OB 448 452

11:56:28 BSTGBP450p407,656£1,834,452.00OB448452Unknown

11:54:15 BSTGBP450p50,000£225,000.00OB448452Unknown

11:53:54 BSTGBP450p400,000£1,800,000.00OB448452Unknown

10:25:13 BSTGBX450p100,000£450,000.00OB448452Unknown

10:45:15 BST. GBP. 450p 271,000 £1,219,500.00 OB

There seems to be a serious number of large buy trades the last few days.....

Long time lurker here. I was just checking the latest list of major shareholders on SharePad and out of the 60 million shares in the market. Paul, Richard and Deidre Pindar hold 26.8m shares (44.6%). The other directors hold 4.4m shares (7.3%) between them. So family + directors = 31.2m shares (52%). The other major shareholders own 10.3m (17.2%). In total, these major shareholders hold 41.5m shares, that is 69.2% of 60m shares. This leaves 18.5m shares held by non-Major shareholders.

I looked at the trading over the last 6 months and the mean daily number of shares traded was circa 19,000 shares per day (circa £100k a day); on a median basis it was about 13,500 shares per day (£67k a day). With circa 250 trading days a year, that means the market is trading through 4.75m shares a year at current rates.

So the observation is that at current trading rates it would take 3.9 YEARS to churn through the 18.5m non major shareholders.

Literacy have yet to prove material levels of exiting/harvesting portfolio companies, but surely this would pop if the was a material change in NAV in the future?

Appendix: Major shareholder information from SharePad:

Paul Richard Martin Pindar - Chairman - 17.0m shares (28.3%)

Richard Pindar - Director - 6.4m shares (10.7%)

Deidre Pindar - - 3.4m shares (5.6%)

Simon Richard Downing - Director - 3.3m shares (5.4%)

Martin Bolland - - 3.0m shares (5.0%)

Nicholas Robinson - - 3.0m shares (5.0%)

Generational - - 2.4m shares (4.0%)

Nicholas Humphries - - 2.0m shares (3.3%)

Kevin Peter Dady - Director - 0.7m shares (1.1%)

Christopher Sellers - Director - 0.4m shares (0.7%)

Rachel Murphy - Director - 0.1m shares (0.1%)

Circa £2.5m of trades across 6 trades yesterday (1st July). Last time there were £1m+ like this and an RNS came out three days later telling the market that Peter Dubens was the buyer .

Wowzers - somebody with a lot of money loves Oakley Capital!

9:59:12 BST GBX468p 700,000 £3,276,000.00 OB

Indeed, and they seem to be well incentivised to make the share price grow. The new CFO’s options don’t even start until 48p and those won’t even be spicy until we’ll above £1 per share.

It went pop this afternoon. Good to see HGT starting to perform like it should.