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Couple of big O "buy" trades went through the order book within a few mins of each other. Possibly the reason.
12:19:03 288,510
12:19:48 240,296
12:21:16 239,717
12:22:54 238,864
12:23:41 238,537
12:24:37 237,786
12:26:41 233,492
Numis were also previously advising Saga on the disposal of Acromas Insurance Co Ltd, back in January. Old story from January 23rd: https://www.sharesmagazine.co.uk/news/market/1674463215326049300/update-saga-confirms-effort-to-sell-insurance-underwriting-business
Good riddance as far as I’m concerned. 80% drop in share price during his tenure. Not all his fault I accept, but other companies have bounced back in share value post-Covid. Always amazed me how many shareholders voted for him at the AGM give the overall performance.
I think tomorrow could be quite volatile. Regardless of the news I can see dropping on open (sell on news), before bouncing back if shorts start to close. Wouldn’t mind betting we see a 15% swing both ways and end up closing flat!
NATS is a public private partnership between the Airline Group, which holds 42%, NATS staff who hold 5%, UK airport operator LHR Airports Limited with 4%, and the Government which holds 49% (the golden share).
The Airline Group comprises:
USS Sherwood Limited
British Airways PLC
Pension Protection Fund
easyJet Airline Company Limited
Virgin Atlantic Airways Limited
Deutsche Lufthansa AG
Thomson Airways Limited
Thomas Cook Airlines Limited
Some huge off book trades published after the close today, taking the daily volume to almost 9m shares traded. If correct would make this the highest single day trading volume since 2016 and 6% of the total shares in issue changing hands.