RE: Miton12 Nov 2020 17:46
Ok all grown ups here. I’m not a fan.
I noticed how they snuck in with their non uk issuance to get 5 days. Fair play, placing as well.
Htf did they get over 7%!
Probably get a sell tr1 soon.
Reason I’m not a fan is because I have bought against them (lol, like big league!).
They tend to be early stage investors and then make a brutal exit, my personal unsubstantiated view only. Allegedly.
Treat my comments as you will. But if I see them selling I will sell and buy back when they finish.
Just remember TR1 rules differ for non uk issuer.
From FCA handbook....DTR 5.1.2 sub para 1
“(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“
https://www.handbook.fca.org.uk/handbook/DTR/5/
Usual caveats
ATB
Trek