Actual research16 Aug 2024 13:51
So if anyone wants to actually discuss market mechanics, may be worth considering these points:
Regardless of what TW has said, there was an active seller before last weekend. This can be seen on the share trades tab above which is reporting large, round trades exactly an hour after the execution time.
This has nothing to do with TW and is more why the shares are dropping as it stands and this is also based on a lower volume in August markets.
Given the recent holdings RNS since coming back to the market in the form of RTO I cannot imagine Premier Milton Group are an active/ distressed seller and given their price at RTO I deem them to be holders and not selling down their position.
There were also a number of legacy holders:
The Robert Allen Papiri Defined Benefit Plan* 8,098,271 25.3
Drumbucks Trust* 6,229,327 19.4
Moshe Capital* 3,200,000 9.9
Tangiers Investment Group LLC* 2,339,069 7.3
Matthew Bonner* 1,100,000 3.4
Paul Welker* 1,100,000 3.4
Eric Dyer* 1,000,000 3.1
Today alone, the grey reported trades have totalled 1,827,329
Yesterday: 1,506,260
13th and 14th 2,209,363
12th 2,950,000
Nothing really of note last week.
So this week these total: 8,467,952 give 10% for anomalies.... So either premier Milton have sold all their 8m shares or one or multiple of the previous significant holders are getting out.
None of which is down to a rubbish article by TW.