More thoughts on who the seller is.11 May 2016 20:47
So my thoughts on who the seller/s are here. There was a 4M pounds share issue just over 3 years ago. This issued 50m shares. Of which 10M went to Bob Morton's company but 40 million shares went to institutions. These shares were issued around March 18th 2013. So what we are probably seeing here is some of these stale investors selling here. This could explain the 2.6M share sale. This would also explain why Hargreave Hales still have 5.58% here. So maybe I/we have all just misread what is happening here. I just assumed as their shares in company dropped nearly 4-5% this year it must have been them.
I wonder if Porta did this update to calm the market? Might also explain why there has been no RNS from HH.