Member Info for davydoo

Looks like the EBT is buying again\

And again it's showing 3 sales, though I suspect it will get reported as 1 buy.

Who is selling though? A lot bought by the EBT in the past few months but no major holders have disclosed a reduction. Maybe it's the staff who received the previous EBT distribution who are now selling them back to the EBT at higher prices.

Yesterday Arden announced on Linkedin a new research director has been appointed.

If they're recruiting hopefully that's a positive sign

Two trades are showing today but were from 10 Sep.

It makes me wonder why company related trades, either the EBT or share incentive plan, often seem to appear as if there were 3 trades. e.g. 3 x 125,000 sells appearing at 13p, which resulted in the EBT buying 125,000 at 13p. Any know?

This is a painful spread. Difficult to attract buyers when you start with a loss like that. Or maybe thats the aim.

Agree there cant be too many outside holders, and even fewer at these levels despite recent rises.

The EBT and Share incentive plan are regular buyers and so should support the price in the absence of any major selling.

Whether they can get to £10m revenue who knows. I still think the best thing opportunity to be acquired or merged with another small player, such as Finncap. Especially as firms reassess need for dedicated office space in London

If it does reach 50p again we'll both be very pleased!

Looks like Arden have lost being Nomad for Tavistock plc to Allenby.

Tavistock aren't large, their share price has struggled and Arden are moving into Wealth Management, but interesting to note.

Companies always shout the wins but you have to look for the losses

Another big EBT purchase announced, plus we should get more share incentive plan purchases later this week.

Some big sales today and still the share price goes up 16% and the spread narrows.

Bodes well for next week, especially now that the company can buy its own shares again.

Announcement in and shares flying

Looks like more buying from the EBT today.

Should get an announcement tomorrow

Another 1%+ of the remaining shares bought by the EBT.
They've gone from 0 to over 1,000,000 (over 10% of remaining shares) in just a few months.
Plus the monthly buys for the share incentive plan
Plus the potential for the company to buy from 10p

Lots of support for the share price

Offer price is now 10p so the company could start buying back it's own shares at below NAV

Just been reading the resolutions from the AGM on 25 March.

Resolution 7 gives the authority to purchase up to 4,361,131 shares (15% of the outstanding shares) but crucially one of the provisions is that the price paid shall not be LESS than 10p

So they cant even buy their own shares right now.

Cash and capital adequacy must be tight, but wonder whether they will if the price hits 10p

Should have the interim results soon. Let's see if they've done as well as Finncap have done

Every 100,000 shares bought by the EBT is about 1% of the shares not held by the major holders.

Assuming major holders aren't selling (as they could sell some without crossing a % threshold) then this rate of purchases will quickly soak up any other sellers, and rightly or wrongly the EBT might not be price sensitive, and will just keep buying at market rates, potentially lifting the price all by itself.

Having just distributed all its shares, I don't know where the EBT gets the £48k to buy 2% of the company's shares again

Distribute the shares to the employees at a low price, then buy them back at a higher prices. Nice.

went very quiet all of a sudden

I don't understand how this is hanging on to 8.5p with buying at 8.7 and sales at 6.65

Surely we're now at about 7.7p

dropping back to 8p today (based on real spreads) on tiny volume.