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Is it really the case that two thirds of the shares are in the clutches of only a few? We have seen all the comments about Mr Colley and Michinoko but surely some of the other companies listed in the top ten are no more than nominees for many of us. For instance I hold shares under the umbrella of Interactive Investors and I suspect thousands more do too. And how many of the Hargreaves entities really represent PIs rather than some individual with a significant interest? Can any of our more knowledgeable members please throw some light on whether the so called top ten truly contol a huge proportion of the shares? I suspect that in reality we, the unwashed majority, do actually control rather more.
Thanks Leas,
But, at the risk of displaying my ignorance, why would anyone go to the trouble of programming a computer to do all these ATs?
Anyone care to speculate why there are over twenty deals appearing for 650 shares? Some exotic code between MMs?
Sorry, purchases.
Yes, but those two sales for about 2m shares were not post close according to the times given. They were two hours before the close! Is this just another example of the massaging the information that we have come to expect? Or am I imagining and it is all really quite innocent? Having said that, yes, a great time to top up but how long will it last?
I agree with FTM
But am I right in assuming that the MMs are happily gobbling up all these shares at any price - well, any price as long as it suits them? OK, so they make a turn on every deal but however many R&M want to sell, they snap them all up. Apart from the turn, are they simply stocking up for a much bigger profit in a few days time when more buyers appear?
Thanks to HP for explaining this morning at 08:02. Neither of these forms, it seems, therefore show the holdings of the largest IIs if they haven't actually traded since July 19th. Is this odd or are they just sitting on their hands?
For what it is worth, the only material changes shown by the 8.3s so far is that HL clients, which I suppose could be several or just one, have added 2.7m shares. Meanwhile L&G and Chelverton have each off-loaded just over 6% of their previous holding (that's 3.8m shares for L&G and 1.5m for Chelverton).
I'm afraid it's beyond me to try to make any sense of the 8.5s though.
The range of opinions is very entertaining. For my part, I tend to the optimisitic end of the spectrum for two main reasons - GC's negotiating skills and the additional plus factors specific to each of the elements of which we are not yet aware but you can be sure GC is and, indeed, some of the Big Fish may be.
But is there one element of the valuation that nobody seems to have quantified yet? Do we not have significant acreage in Paraguay lying fallow. Just because we have not developed it, can it not be the case that one of the Big Fish with interests already in place would see valuable synergies? Or could another one see Amerisur as a convenient entry point to Paraguay?
Can this be worth an extra 5p or 10p on top of whatever Colombia is worth? Any advance on 10p?
From the pub's facebook page
After just over three years of ownership I hope you agree with Sue and I that The Queens Arms is quite a different place to the one we took over. Subsequently it means that it has become a full-time commitment for us both. As we have plenty of other projects, we felt that it would be in the best interest of the pub if we could off load some of the work.
Today, we are delighted to announce that we have gone into joint partnership with the Barkby Group (www.barkbygroup.com) who specialise in the day to day running of pubs. Just to clarify we are still the owners of the pub and that we have not leased it. It is a pure partnership with a like minded group who, like us, want to continue to manage and improve The Queen’s Arms to ensure that the local pub remains a pub for future generations.
Other than hopefully seeing positive changes nothing else will change and Sue and I will continue to be fully involved.
I am also delighted to say that James, Beni and the rest of the team are as excited as us about the future and hope you will be too.
That's the second time in a week or so that a board change RNS has been used to give an upbeat review of the overall state of play by the back door, as it were. Can't be bad!
or you'ld go barmy. Someone orchestrates four tiddling little sales at 14:46:17 and the price dives. Good news for anyone who managed to buy in at around 14.50p before sanity was restored.
Going by recent events, I would expect to see maybe half a dozen sales of 12 to 15 shares in the final half hour today. Should help to keep the price down nicely.