I had someone trying to tell me that Northern Trust was the biggest shareholder in HBR last week when really two of their clients were two of the biggest creditors of PMO and they got shares...
I have only recently found LSE as a forum and don’t post often. Will probably not express a strong opinion on any stock be it positive or negative . I will call out rubbish on the “institutional investors” theme as there’s lots of bad actors with agendas.
@brombarb I have a small speculative holding here and still sitting on a nice profit.
I have only posted factual information on here as I see so much rubbish posted on a broad range of topics.
Have worked in financial markets my whole career and can’t tolerate some of the deliberate misleading information that is posted. Some really insightful posters too that have been invested far longer than I.
Would hazard a guess that there are few (if any) institutional investors in this stock. Just because their name appears beside trade or holding data means very little. Will be their clients as the beneficial owners. If any one of their clients had a significant enough holding they would need to disclose to the exchange.
RE: Northern trust company holding 12 %07 Apr 2021 21:03
Relatively new Bladesman and stumbled across this from a couple of small investments. Bought PMO as I thought there was some under valuation and over shorting. Will see how we go for the next few months but 30p is reasonable price target. Dividends could be a big catalyst as lots of equity income funds struggling for income. 1p div is a reasonable yield with potentially more to come.
RE: Northern trust company holding 12 %07 Apr 2021 19:53
Bladesman - NT probably get paid less than 0.25bps per annum on a uk holding so they will not be whooping and hollering. Given size of position they are probably on tighter rate card and making very little....,
RE: Northern trust company holding 12 %07 Apr 2021 18:30
Bladesman - should have added on behalf of a number of their investment manager clients. Not sure who the big creditors were on PMO debt but likely some of their shares have landed in an NT custody account. If any individual clients of NT have a disclosable % holding the obligation is on them to disclose to the exchange
How do you wake up and suddenly find yourself an 88e LTH? Bought in 1p a few weeks back and have been thoroughly entertained by some of the war stories posted. Some of the ramping is crazy as are our new market dynamics with Reddit and Twitter etc playing a significant role