RE: Covert Buyer25 Oct 2018 01:00
rfarfa - I am glad that someone else has noticed the 1,000,000 share buys going through 88E book in the past 2-3 months. Someone is accumulating slowly. We will hear who it is should they go through the 3% threshold. Some time to go yet.
Where did you get the 140m figure from?
If the covert buyer is buying now (today) at 1.047p, I would believe they have taken up their full rights issue and possibly asked for more.
I have been keeping track of all the 1,000,000 buys and the price paid since 21st September. Tomorrow will be interesting to see if they keep buying, with them now knowing what allocation of shares they have received in the rights offer.
Watching closely.