They will get there shares Friday and will have 3 days to inform the company of their holdings. Possible for some to RNS Friday however I would expect Monday / Tuesday
I think people need to remember that the parties who participated spending £1mln cold cash might actually want to hold the stock !!!!
There’s much safer bets if it was just for a small flip, personally I think they have bought in on the back of the great news and will be looking for a 2-5x return as am I.
Banksy TR1's are obligations that you have to inform the market when you breach 3% and then every 1% thereafter. So I think they'll be plenty of them to come next week as the you have 3 days to comply.
Thursday 6.5bln shares traded 145% of the company changed hands.
Friday 2.5bln shares traded 56% of the company changed hands.
Monday 1.8bln shares traded 40% of the company changed hands.
Tuesday 700mln shares traded 16% of the company changed hands.
So in just 4 days 257% of the company has been traded.... truly astonishing IMO. New holders all looking for a 100=200% return and suspect that could start tomorrow as new holders was awaiting the wash through now see this as the oppertunity to take a position.
IMO a bargain at this price and even 0.15 would be still too cheap !
I expect tomorrow this to start to lift as the final profit takers are done.
Agreed .... so cheap now. just the changing of the guards as those sell the news and the investors buy the news .... for the longer game !
I expected this to continue for the remainder of the week, but certainly plenty of stock changing hands ... this seems to be the sweet spot of r sellers and buyers...so plenty of action going on and more than 10% of the company traded today so far .