Ajilimon, agree LOG is not selling or we will see a few million shares dumping in one go. Apparently sham189 is shorting and spreading false information for his/her own gain.
Did not see the TR1 for Premier Milton cross 3%. I suspect for the last a few days, those selling around 100k-200k were from Premier Milton and Lombard.
I think the drop was mainly because Premier Miton Group plc and Lombard are dumping their remaining holdings, once they are cleared, we will see the price moving up. Premier Miton Group plc has 4% left in Feb and Lombard 2.96%.
More chance the company will be bought cheap after administration, why BOD did not go for right issue when the share price is well above 50p? They have only 36m shares.
Top 25 shareholders own 89.32% of the company, are some of them offloading? Even so, the free float is so low, we may see the price picked up so quickly with some good news.
Those major institutional holders are not selling, it has been 11.61% since 24th. They know better than us and even if it is delisted, they will get much more when the company is sold. https://www.morningstar.com/stocks/xlon/ibpo/ownership