RE: 2 trading days left26 Jun 2020 15:55
the 7.1m shares GHIF received from the conversion of the loan note hit the market on monday 22nd, they have to hold 2m of these shares until 30 June 2021 (which is 3.8% so over 3% threshold for reporting)
the rest 5.1m can be sold but in an orderly manner (well orderly is the wording from the rns)
in my opinion Peel have been pre selling these for weeks, then once the shares became live it offsetted what Peel had already sold, hence GHIF did not yet have the beneficial interest
so i am predicting that Peel are still selling the remaining amount of 5m which will then leave GHIF with the 2m shares, which we will then hear about via holdings rns
until news or Peel have cleared the 5.1m GHIF shares, we are just going to keep drifting up and down in this pattern
the problem is speculating when this point will be, many of us did not expect the bottom to be as low as it has, but some will no doubt expect the bottom to be even further down
as in any share, the risk of not holding when substantial news potentially arrives means you will miss out