RE: serious money - RNS7 Nov 2022 18:57
Yeah, that one would seem to be pretty notable imo, this chap isn't exactly Al Murray, if you catch my drift ;)
Nicholas J. Grace
Portfolio Manager
London office
Nicholas J. Grace is an equity portfolio manager at Capital Group. He has 32 years of investment experience and has been with Capital Group for 28 years. Earlier in his career, as an equity investment analyst at Capital, he covered global mining companies. Prior to joining Capital, he was manager of metals research for J.P. Morgan Investment Management in Australia. Nick holds an MBA from the University of Wisconsin-Madison, and a bachelor’s degree in finance and economics from the University of Waikato, New Zealand, graduating with honors. He also holds the Chartered Financial Analyst® designation. Nick is based in London.
Hard to interpret that as anything other than a good sign, with a mining specialist for one of the biggest asset managers in the world (that have trillions of $ of AUM) buying over 1% of the company, with his own money. Whether that be because he feels it's good value or he's been tipped the wink (as you say).