Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
http://www.londonstockexchange.com/products-and-services/rns/rns.htm
Most of the sells are Automatic Trades in order to manipulate the the price down and shake out smaller investors it looks to me... Is that your take? This seems to have happened with other IPOs recently. Just have to be patient, but it does annoy that the big boys are running the show...
I'd not be surprised to find that MM's are still trying to weed out the '400 club'. There continues to be regular dumping of these small holdings I see. At least the larger institutional shareholders are hanging on - so no big volumes. It's gonning to be a long haul I guess.
I suppose there is nothing to motivate - one way or another. So it just bounces around the 150 to 155 range. There's be no real selling or buying so far as I can see. And no recommendations have been published recently. Maybe one just to sit on and forget for the time being?
I find it strange that with the recent small rally, original IPO shareholders are still dumping stock at or below the 185 price. Why? You would have thought they'd be encouraged to stick with it a bit longer.