Member Info for Ivornomoney

Check out ipf, about a 20% Divi at current price!

300,000 today and bought ipf, anyone else in there?

32p

Where does it say you don't have to report it? The whole point of the rule is to protect ordinary investors to make better informed decisions.

I know it didn't happen in a day because of the daily volume of trades, but they should have notified the market each time they crossed 1% reduction.

How JP Morgan can sell 117m shares in a day and you can't even sell 100,000 on HL in one go!

I'm still not buying the JP Morgan shares story. Are they still holding shares or did they sell out completely? The RNS says below 3% so if they sold 6% as they were holding 9% or 117m shares they would have had to be selling from the 11th of may. Canaccord only bought about 7m shares to increase to 150m. I don't believe they have followed the rules.

Just gone in.

Shi, looks great with £142m in the bank and £42m profit. But there have been 2 recent profit warnings and both the CEO and CFO resigned at the same time. Canaccord have written a very poor report on them. I was tempted myself as the mcap is not far off the cash in the bank. I'm not saying it won't recover, just I won't be buying any yet.

If you read more about Shi you will work out why they are selling.

Jpm, could be classed as market sensitive if they have sold to someone else like TECK etc. But they would still be in public hands if sold to someone else and kept under the 10%.

They can sell them anytime they like just as jpm have done.

For the purposes of LR 6.14.1R and LR 6.14.2R, shares are not held in public hands if they are:

(1) 

held, directly or indirectly by:

(d) 

any person who under any agreement has a right to nominate a person to the board of directors of the applicant; or

(2) 

subject to a lock-up period of more than 180 calendar days.

Correct me if I am wrong but Canaccord can now nominate a person to the board because they have over 10%?

Or maybe one of the shareholders are In a lock up period because of funding etc?

Which means the jpm shares have gone back to the market and they haven't followed the AIM rules when reducing their position.

Shares not in public hands are holders over 10% and the directors shares.

Teck 14.5
Canaccord 10.4
Plus directors
= 25.6%

Should be an RNS Tuesday if they did. But they will still need to buy about another 6% to make an offer.

I think it's got to be Teck, which means possible offer coming soon.

Anyone commented on the hzm website update?

25.6% not in public hands.

I also think it's Teck, do we get a certificate if we are correct???

If its Tech then I can see them making an offer once they have 30%