RE: Bargain?20 Aug 2025 12:40
The rns states, "The Placing is being made available to certain institutional investors, including Premier Miton.” Not new investors, so existing.
Listed below is the current list of significant shareholders.
David Brierwood 16,416,813 6.34%
Tyndall Investment Management 16,235,259 6.27%
Seneca Partners Limited 13,586,408 5.25%
Unicorn Asset Management 7,894,737 3.05%
Apart from DB no one else on that list issued a TR1, I find it extremely implausible that any existing institutional investor that took part, hasn’t past 3%, there must have been forward selling. Look at the chart action and volume between the IMC (16/4) and the fund raise (16/6).