RE: Janus Henderson16 Apr 2025 13:13
Sale of 2,422,555 yesterday at an average of GBP 0.01537
Just been looking at the LSE listed trades from yesterday 61 trades in total 14 of which were for under 2,000 shares.
Leaves you with 47 in total, volume was listed as 3.76M buys, 345K of sells & 20K other. I watched most of those trades go through & know there were roughly 3.2M more buys than sells on the LSE.
In other words most of the Janus Henderson sales were done on other exchanges .......
The 1M trade was carried out with the price at 1.7 - 1.9p so they paid well over the odds to get those shares & the price didn't move up ( because the MM's would pick-up the stock from Janus elsewhere & sell it on).
So we just need volume to churn through the last of the Janus holding, I'm pretty sure they'll have dumped at least 4M today. Leaving just 3M to find a new home for. This stock has had 3 days where volume has totalled between 20M & 36M & managed the churn through a 17M holding in that time, probably 40M shares have gone from those 4 institutions into the arms of new holders, so whats another 3M ......
LOTM