they do not care. Their only priority is to make sure there is enough money to pay their fees before they pay any debtor. So are Shard involved with Sefton? The FCA needs to investigate that as its unlikely Shard will get paid anything. Ask the administrator what their fee schedule is.
The thing with administrators is their main task is to get as much debt owed to the company paid before they pay others that are owed money. You would hope they are going through everything attached to Sefton and the loan that ICON made to his business last year. Stunk then ICON death spiral to lend money to another company to pay them for their services. HMMMMM
Nlondon yes it is IG's core business but they cannot fund the positions. So a broker like IG is the middle man. They deposit the shares with HSBC and the money is then leant against it. So HSBC may charge IG 1%, IG charge their clients 3% (an example). As for selling in one go, that depends on the seller and the circumstances. Funny how no one says why buy 5m in one go!!!
Dont need to understand CFD's etc its just a case of knowing that there are potentially forced sellers. The margin went up to 100% about 2 weeks ago, they have until end of March to either sell or convert to physical.
Personally I think its a sale and prob linked to IG. Looks like its ongoing. Remember people know that IG will be liquidating. Agree regarding noise on this share. Its nice not to read the usual ramping/deramping garbage.