RE: So, who is selling?15 Oct 2020 09:19
Yes Tiger, I made the point about the overhang about a week or two ago, before the RI was concluded. The numbers about Investor take-up, DeHann's take-up etc were provided in an excellent post by someone else. You might need to to troll back a few pages to find it.
Roughly, De Hann took up just under £100 mn (in total) of the £150 mn.
As I recall, Banbury, I calculated that £18 million of the £150 million was left with the Institutions. Given the illiquidity of this stock, there will be pressure while this is offloaded.