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So in the last couple of days Goldman, Sachs & Co and Cobas Asset Management have acquired nearly 9% of the shares in Bab**** (around £100m of investment)... That says to me that this is undervalued and is a great long term hold now.
Don't ask me why but I very fortuitously sold my entire holding yesterday (14,000 shares) so very happy with the drop this morning which has enabled my to buy back 16,500 for the same money...
This will get back to 230+ very quickly I think...
I've been watching this one for a few days and have decided to up my stake to 100k shares (ave of 25) but what I don't understand is that every time I've checked, the buys outnumber the sells massively yet it's not moving northwards...?
Today seems to follow the pattern with buys outnumbering sells eightfold but the SP just sits at around 25p...
# Trades 127
Vol. Sold 121,498
Sold Value £29.89k
Vol. Bought 866,247
Bought Value £213.10k
Test_test
I had 211,000 shares (12266 new money) when Motley Fool said to sell them at 1000p (50p old money) so REALLY REALLY GLAD I ignored them, as ended up selling some at 1800 and the rest at 2039 before buying a few (2000) back at 1597... Sitting on a tidy profit now...
Bab**** will be a similar story (sitting on £85k's worth @ 230) but just might take a little longer to double my investment!
John66
Only two large ones I can see and not exactly massive....
15-Jan-21 10:59:45 26.140 108,791 Buy* 24.00 24.50 28.44k O
15-Jan-21 13:48:57 25.00 200,000 Buy* 24.00 24.50 50.00k O