RE: Peel Hunt30 Mar 2021 01:04
Mike,
My thoughts, two scenario's here:
1. Peel Hunt are both an investment bank and known broker of GST. (Just loo0k at their website)
2. If acting as a Broker they are required to issue a TR2.... NOT..... a TR1
https://www.fca.org.uk/search-results?search_term=TR2
3. We have only seen so far if one cares to look at the RNS history of GST, that Peel Hunt have issued TR1's, usually changing from 11 to 10 percent and vice versa, of their share of the total issued shares of GST, (Now less than 10%, I reckon about 9.65%) they have it done many, many times.
So in conclusion IMHO, given that only TR1's have been issued by them, my bet is that they are acting in the capacity of an 'Investment Bank' and with regards to GST and have been selling and buying 1% dips, again all IMHO just look at the RNS's.
So to answer your question: 'Have they been long term holders of shares or are have they taken a position expecting to make big bucks when the news comes out the sp flies?'
I would say Yes ........IMHO