ii buying (again!!)6 May 2021 10:49
03/05/2021
Despite the dilution from the recent placing, Law Debenture have increased their holding since 09/02/2021. I made a note of their holding back then for future reference.
09/02/2021
Law Debenture Holding
AFC Energy
UK
Oil & Gas
Alternative Energy
£8,208,000
1.03% of the Fund
76p close on 08/02/2021 = 10,800,000 shares
03/05/2021
AFC Energy
UK
Oil & Gas
Alternative Energy
£9,324,000
1.05% of the Fund
67.5p close on 30/04/2021 = 13,813,333 shares
An increase of 3,013,333 shares
I'd say that is close enough, but that they got a round number of 3m more, or 3.2m more (depends if they are using mid price or bid price for the valuation, including dealing costs etc), either in the placing, or the 2m @ 69p recent buy was theirs plus another 1m in another deal.
https://www.lawdebenture.com/investment-trust/nav-and-portfolio-information
Since I posted the above last Sunday:
As at the close on 04/04/2021
AFC Energy
UK
Oil & Gas
Alternative Energy
£10,818,000
1.18% of the Fund
62.5p closing price on 04/05/2021 = 17,734,426 shares
An increase of 3,921,093shares on 03/05/2021
An increase of 6,934,426 shares on 09/02/2021
Even if they bought in the recent placing, they didn't get 2 big chunks, so at least one of these chunks was bought on the open market, possibly both though.
Keep selling, the ii's send their thanks!!