Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
92% of the shares are with the Directors or Institutions. Only 8% available for the public at large. See my previous post on this.
Now that we have had a few busy days, there may be a lot of holders for now. My concern is that there may not be many sellers. Will this create a scarcity? And will it push up the share price? Comments welcome.
SCSW stated that “Luceco shares are tightly held”.
I did a check and came up with the following:
Total shares: 160,800,000.
Freefloat: 67.6mill (42.0%) (Source: Stockopedia)
From the RNS and Investors Chronicle, the following is true:
John Hornby CEO 27%
Giles Brand Chairman 5.9%
Epic Investments 27.4%
Employee Benefit Trust 2.3318%
Other Institutions: 29.5% (Investor’s Chronicle – may not be up to date)
Total: 92.1318%
Therefore shares in circulation / available to the PI are less than 8%.
Does this mean that shares will dry up sooner than later? Would welcome any comments.
RNS today: 28th March 2019 and on 26 March 2018
Luceco plc Employee Benefit Trust (the 'EBT') have bought shares as below:
27 March 2019 393,376 Ordinary shares @ £0.6858 per share
28 March 2019 250,000 Ordinary shares @ £0.7204 per share.
The vote of confidence from insider buying has been great. See my previous post for recent insider buys. Monday is bound to be exciting.
The following RNS may be the reason why the SP has reacted the way it has today. All sells bar 2 trades. But SP up to 72.6 p
I am certain Upsidedown will agree now.
RNS Number : 0788U
Luceco PLC
26 March 2019
Luceco plc confirms that on 22 March 2019 Link Trustees (Jersey) Limited, acting as trustee of the Luceco plc Employee Benefit Trust (the 'EBT'), purchased in the market a total of 106,624 Ordinary shares of nominal value 0.05 pence each in the capital of the Company at a price of £0.6896 per share.
Immediately following the above transaction, the EBT held 3,106,154 Ordinary shares, representing 1.9316% of the Company's issued share capital with voting rights. All Shares held by the EBT will ultimately be used to satisfy share awards and options granted under the Company's various share incentive arrangements.
The Executive Directors and Persons Discharging Managerial Responsibility ("PDMR's") of the Company, together with other employees, are included in the potential beneficiaries of the EBT and are therefore treated as having an interest in some of those shares and the dealings thereof.
The Company's issued ordinary share capital consists of 160,800,000 Ordinary shares of 0.05 pence each.
Upsidedown: Re: LUCECO
I beg to differ. There has been a lot of insider buying and the SP has been on the ascent since 7 Jan 2019. The trend is UP at the moment. Any reason why you think it is going down? The Employee Benefit Trust (EBT) who bought over 1 mill. shares on 7 March 2019 don't think so.
Insider buying since August 2018:
2nd Aug 2018:
Mr John Hornby CEO BUY 1000,000
Mr Giles Brand Director BUY 622,929
EPE Fund BUY 4,983,372
Mr Giles Brand is the Managing Partner of EPE Fund. Mr Brand has been involved with Luceco since its management buyout. In 2005, EPIC Private Equity (EPE) backed a management buyout of LUCECO, investing £4.3 million
The Employee Benefit Trust (the 'EBT') has bought shares
4 Jan 2019: EBT purchased 1,100,000 shares.
25 Jan 2019 EBT purchased 250,000 shares
7 March 19 EBT bought 1,107,400 Ordinary shares
30-01/2018
More buys by 2 PDMR (Person Discharging Managerial Responsibility)
1. Matt Webb PDMR BUY 90,922 shares
2. Wayne Hill PDMR BUY 259,676 shares
HH. Thank you for the detailed explanation. Much obliged
Total holdings of II is 78%. Source Investors Chronicle
Of the Institutions holdings, Barclays Bank plc have 65%. None of the IIs have off-loaded so far, although the Share Price has been slliding down since Jan 2018.
This morning ADFN shows 11 trades all sells. My 2 trades shows as sells. Judging by the prices paid, only 4 are sells and the rest buys. I have bought twice. Wonder why they are doing this?? Shares bady needed??