For those of you who use google to look at the SP, you need to realise that google dont show the SP, they only show you the last reported transaction at any perticular time of the day when you look at it. Delayed by upto 15 mins of course. ie take todays last reported trade. This is taken striaght off lse GGP share trades at the top of this page, just click on it & see for yourself. sAs 20-Feb-20 17:18:11 4.65 3 Sell* 4.65 4.80 0.14
Warrants, Warrants, Warrants Fecking Warrants14 Feb 2020 17:25
Whats with everyone today talking about "Oh it must be the warrants" DUH ! Everybody - It aint the feking warrants. Why would anyone excercise the warrants yet alone sell em at 5-6p. Dont be stupid. The people who have warrants ie SB (20 million I believe) has already stated the fact that no one would exercise them now when they have got until October 2021 to do it. They can just sit there & watch the SP climb upto 12,15,20,25p & then exercise them at 2.5p & cash em in at whatever the SP is at that perticular time. So ask yourself this , Would you cash them in now or would you wait until the SP gets much higher, knowing that if the price goes up you will make a killing or If God Forbid, something out the blue came up & collapsed the SP & you do not even have to buy them ? Got the answer in your brain ? Exactly, you would wait. So can we stop talking about warrants being exercised & then sold for a pittance of were this SP is heading. Rant over, going for a pint. sAs
Storey89 - If people much bigger than the likes of us want my shares then they can pay me a lot more than the piddley 4-5p for em. They can come back in 18 months time & give me 35p - 50p each for em. No way am I accepting anything less. For all you guys who have successfully traded this today, Good Luck, but trust me you will come unstuck with that tactic as just when you least expect it, this will go the opposite way & make it very difficult for you to buy back in. sAs
You must be srinking Looney Juice if you think anyone will be converting the warrants at this Price. Ask Yourself this Question. If you had until the end of 2021 to exercise your warrants, which will most likely be into the tens of pences by then , why would you exercise them now at the 5-6p level. It makes no sence whatsoever to do so. As Beetham said last week, Why would he want to exercise now & not wait until the SP rises to at least 12p before he exercised his warrants. sAs
Here are the rules relating to TR1 notifications striaght from the FCA website.
Aperson must notify the issuer of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of financial instruments falling within DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:
(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within DTR 5.3.1 R; or (2) reaches, exceeds or falls below an applicable threshold in (1) as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the issuer in accordance with DTR 5.6.1 Rand DTR 5.6.1A R; and in the case of an issuer which is not incorporated in an EEA State a notification under (2) must be made on the basis of equivalent events and disclosed information.
I`m pretty sure that if you are an overseas investor, then you dont have to declare your position until you have crossed the 5% holding. Please correct me if im wrong.