RE: Overhang15 Apr 2026 12:33
There seems to me to still a good chunk of shares held by institutional investors here BurlingtonBerty and I'm not expecting 'all asset managers' to sell out here, or anything remotely like?!
I paste major II shareholdings from the companies website here ( last updated a few weeks ago )
Ingalls & Snyder LLC 267,060,540 12.94%
Cavendish Fiduciary (Jersey) Limited 205,701,993 9.85%
Perpetual Limited/JO Hambro Capital Management Limited 107,166,247 5.13%
Standard Life plc (formerly Phoenix Group Holdings plc) 74,925,123 3.59%
Generally, while some II's may sell down/out as we go from here forward, I'd hope others would buy in as we go from here forward .. especially if/when AC can enhance the bottom line here thru 2026 - via back dated receivables payments, arbitration proceeds, more timely/complete payments for gas delivered going forward ..etc - seeing this become a more desirable share for II's and PI's generally to hold (I hope)
imho & dyor