MYSL have been busy today with all those RNSs and like all, have been surprised at the low placing price, but then again, I assume that they simply followed advice to get that deal away. However, it is heartening to see those Director's deals, which says something about their view of the future.
Who else bought when we allowed to this morning? Remember the excitement MYSL created a few days ago?
I'm not the cleverest, but surely Woodford out almost represents a placing in that there are many more shares now available in the open market. Now if these are gobbled up by others then fine, but that is some overhang to clear. Let's hope the company is not phased with these machinations and continue to enhance stakeholder value
A slightly confusing table on the companies web site suggesting as of last Dec 67% were NOT in public hands. (The table doesn't appear to equal the total displayed). If Woodford is totally out, then I wonder what that figure is now? I assume that there has been quite a shift to pis share accounts.
Jarv. Fully appreciate that the overhang must clear, and that the prospects look good. Clearly NW had to sell due to liquidity issues. Clearly going to be a traders share for a while until the large number of dumped shares are bought and held. Directors purchases, other institutions? This is now at the top of my trading list and I'll buy many more given an appropriate price.