RE: Couldn’t buy any26 Nov 2018 18:50
Well allow me to gloat a little, I mentioned that exact trade size and day and the fact it would be reported today too.
Ignore the conspiracy theories here, it is 95% certain that that was Lansdowne selling their remaining share and its also highly likely they have gone now too. Consider the evidence:
1) Blue finish - if they set a sell down at 22, it would be unlikely for the SP to end above this on any given day until they are gone.
2) At numerous points today the MMs were short on shares at the given price points - again not likley if LP were still looking to sell.
3) Volume from 26th September has now been high enough to cover their remaining 3.8m shares.
4) The obvious derampers here, making stupid comments about the potential for other institutional investors selling whilst conveniently forgetting that that in itself would need an RNS each time their holding dropped a percent.
I don't think we will ever hear the name Lansdowne mentioned again beyond this forum, they certainly don't owe us any TR1 or RNS to say they have left the building. I guess as HVO recorded them as current owners back in October, we would expect them to update their own website if the above is the case.
Whilst it would be nice would to get an RNS form HVO along the lines of "this price fall has been due to Lansdowne Partners selling out their position for reason xxxx, and we know of no other insider reason for this fall", I wouldn't hold my breath.
I would have taken a 1p rise today. The volume, finishing price, and action in to close have been very reassuring to have some exciting weeks ahead. Again it would be good for the directors to build on this momentum with an update on flu-v but I don't feel like they are that way inclined to help us out so we need to rely on the fundamentals and a vastly oversold position, to get HVO back on track; thankfully I think we have both here.