just my thoughts re sp16 Aug 2019 18:04
I put this forward as merely my opinion. Many here are far more expert on this stock than I.
There are approx 280 millions shares and a freefloat of about 170 million.
If Davy Asset/Focus Investment and Bilgin have approx 38/39 pct of the 280 million, then the remaining is about 170 milllion shares.
Previously
Daax held 15%,
NR Holding held 7.9 %
These two holdings equate to approx 63 million. Leaving approx 107 million shares.
If the previous holdings by
Rothschild 7.9 %
Majedie 4.5 %.
have been( or are to be) liquidated that would mean aproximately 32 million shares, of a possible 107 million share, have been/are to be sold.
I believe, I have read on this board opinions given that Majedie have sold their holdings, and it is unknown to me, if Rothschild has done,or will do, likewise, however given the breakup it would not seem to be outside the bounds of reality.
If there is any fact in this hypothesis then, in just my humble opinion, liquidating 32 million from 107 million could have a lingering effect on sp.