In case of interest. These are the main shareholders ‘fully diluted’ from available info that I can find. ( options / warrants inc. as all in money. )
Plenty of director alignment - 30%+ of shares held in solid hands.
MNB Zakaria. (Former chairman). 125,674,475 (8.54%)
Bolhassan (CEO) 92,759,622 (6.31%)
Tune Assets (T Fernandez etc) 74,579,604 (5.07%)
Aimi Nasharuddin (PMDR) 32,730,770 (2.23%)
John Forrest (PMDR) 28,812,499 (1.96%)
Gerrard Murray (PMDR) 28,412,499 (1.93%)
Dixon Wong (PMDR) 18,000,000 (1.22%)
Andrew Hurst (PMDR) 12,500,000 (0.85%)
Haven’t included Big oil Sarawak (1.54%) or Leigh Allen (3.31%) or Optiva (3.84%) as no visibility as to if they’ve sold any/all
Shares have consolidated beautifully from traders to investors over the last month. This is so ready to fly on a sniff of everything management have teased being delivered.
So if they haven’t been selling shares (which we do not know) based on the 26 July RNS where they bought 1,333,333 shs and that they must have taken 13,777,776 shares in Feb placing to get these 6,888,888 warrants. Big oil ‘could’ hold 21,999,997 shs or 2% of undiluted currently
If you believe the story here- Low volume summer days with a keen seller out there has/is providing an excellent opportunity to increase position that imo will not last long.
Agree it’s frustrating but the opportunity for people to buy in at a low valuation due to the sensible risk management of the 0.6p placees makes investors now lucky.
A bit of patience as this risk churns into new investor hands and the story unfolds is needed. Watching this company achieve in Sarawak what it has been patiently waiting on and the ducks slowly align here over last year has been incredible to watch. After 5 years of messing around in North Sea and Tunisia it has finally found its company making path.
Good luck all
They will need to strike oil for that market cap
Lovely controlled run up to the weekend after that horrible Tuesday show
The opposite. There was no scrapping around for cheap shares yday. A large holder completely overwhelmed the mm’s by dumping. What’s actually impressive is that they have been absorbed by market so quickly. That was nearly 5% of company fire saled. Normal dynamics resumed today though by looks of it and hopefully some new investors have been able to get positioned for the Sarawak newsflow
Yesterday’s lumpy auction probably cleared most of the stock Mm’s were sitting on. Sitting on stock is a risk for them so they want to be flat at end of day if possible. They make most of their money from bid/offer not crazy market moves that’s actually unhelpful to them. Probs some traders who got this wrong to clear out and then we can get back to a market based on ever improving fundamentals. Do some research on this company its directors and major shareholders and the asset they have in Sarawak. The story is just beginning here
I think the seller was done before 3pm. The MM’s then have to balance their books by getting any stock off that they took in from said seller. If the buyers over last few days are investors over traders then this should strengthen quickly as further demand comes in
A large holder indiscriminately dumped their shares without any care into the liquidity. The liquidity wasn’t enough to absorb said shares and the price was driven down to where buyers would buy or market makers would take on their books. Strangely amateur for a large holder but presumably they had a reason
Has no affect on future . This company is all about Sarawak/Brunei and those in charge are super connected therein
Such a shame an overdue rerate was scuppered in that manner. If you look at the 1mn and couple of 1.5mn trades all delay reported by 1 hr it was actually bang on 50mn over 40 mins. I suspect one of the placees just wanted out for any number of reasons or they have done it to exercise and get a free ride on the 25mn warrants that came with the shares that they can now exercise.
The guy who posted that tweet is actually the companies IR person at Flowcomms so the company obviously asked him to look into it.