Member Info for RichTheNewbie

I think last time the selling stopped around 35p from watching the trading.
If you look at the time spent under 35p it was in hours rather than days:
https://www.tradingview.com/x/YFiN4Ia1/

It just took a little while around 35p before PI's felt confident the corner had been turned (and much like now there were the same hysterics :p).

johnht - no disagreement at all about Acacia. Was more the "discount". But let's agree to disagree. A lot easier. Have a good weekend :)

Anyway, what matters more is they don't have that much left, and interestingly:
- when they first acquired the shares (transfer from link was on 8th June) the price was mid-40's in the previous week
- they sold a load of shares pushing it down to about this price (recently got the holdings RNS to confirm that they were down a chunk on the 10th June)
- it then appears they stopped selling and this went on a run back up to 50p
- they then appear to have started selling again (and the other RNS shows them down another chunk by 1st Jul)

So thus far, they appear to have sold it down to 35p area roughly, let it rise back up significantly, sold another big chunk back down to 35p.

With any luck they'll do the same again (if they're really cheeky them or their mates are loading up with extra longs each time it gets down to 35p - because they know when the selling is stopping - and it's going to go on a run upwards - at which point they close out before dumping whatever they have left).

Yes I know that johnht but you seem to be assuming Woodford owned the whole thing. They didn't. Just a small stake. Worth more like £125m at fair value as I said.

johnht - Oxford Nanopore stake was last valued by Woodford at £111.6 million in June '19 at £51.75 per share and they later raised at £58. So it wouldn't be worth £1bn stake. It would be more like £125m at fair value. But obviously it wouldn't be fair value in the firesale especially being unlisted.

Anyone think Punit's now bought back in? ;)

johnht - yes they're just unscrupulous flippers. No disagreement there....I just disagree with all your maths and conclusions you're leaping to ;)

Knew we could rely on you to trump everyone else with the silly posts (until Seb's back). Trying to blame RM (or even Finncap) for Acacia selling really takes the biscuit.

Newboy58 - a lot easier for you and your mates to load up on longs at the lows when it's you creating the lows ;)

Don't agree with any of that.
Acacia won't have got all their shares for a tenth of the price. They paid £224m and if your assertion was correct then the market value of those companies would be £2.2bn or more (which obviously it wasnt). The Midatech stake was the tiniest portion of the block of companies and probably just the irrelevant part of the deal £65k they paid for it.
Don't know why you assume they're offloading in 3m blocks either - doesn't seem to be any data to support that either.
There's no way in hell they bought SNG for 3.5p per share.

I imagine there will be many trying to buy in just as Acacia are finishing....and as you say, I wouldn't be surprised if there are a certain amount who'll know when they're nearly done, just got to wait and see. Also wouldn't be surprised if some of the IIs who've previously invested in this (whether in the placing or on open market) don't see the opportunity to buy the last of their shares, knowing that means that the SP can be pushed freely higher much more easily.

As we were doing quotes the other day......the most apt one is Baron Rothschild's "buy when there's blood on the streets" ;)

It's amazing how often people turn down the chance to buy at significantly cheaper prices simply because the price being cheaper worries them. Despite the fundamentals/backdrop for SNG only having got better really. Doubly-so when you know there's been a flipper pushing things down and you know it won't last forever.

As I said. That was a week ago. They'll have a lot less now.

Acacia don't have way more than 20m to dump that's just silly.
They had 11m as of a week ago and so it's probably considerably lower now.
They'll be gone before too long.

Ghia - doesn't go against all logic when you have a seller dumping 20 million shares ;)
Thankfully they've probably done most of it now.
Also, everyone's working on the assumption that they should definitely have traded out, but that's hindsight trading, and if news had already landed then they might be saying "f*cks sake why did I sell at 40p".

Don't think anyone can answer that. Although the bulk of their selling seems to have been probably over 37/38p and much higher. I believe they'll have just paid a lump sum for a lot of different companies so there may never have been a specific price per share here.

Doesn't really matter....(with reference a rise). If this does go on a run from now then it'll probably clear the remaining Acacia shares and that will be an extremely good thing before news.

However they may have stopped selling, for all we know, and it just be PI's at the lows as usual ;)
Really we'll need to see some buying volume (whether PI or II) to get an idea if they're still selling.

Simmo - with regards the lack of a TR-1.....
Remember that the TR-1 for Acacia position on the 10th June was released on 3rd July. That's three and a half weeks later.
So the lack of any TR-1 is zero indication about whether they're selling or not at the present time.

Chrishar - It's not their confidence or bluster I give two hoots about! That's just a smokescreen for dangerous levels of incompetence and agendas.