Ii rarely sell the lot aggressively at a big loss unless they are under pressure like Woodford, which I don’t think is the case here.
Maybe they reduce but always intended to keep a good portion in for post RTO, which would kind of make sense as that will certainly give them their investment back and more.
I know mate. The TR1 is no surprise to me, like you said they lost interest and they are selling we all knew that. What is surprising though is that they only reduced to 10%, expected slightly more than that given the high volume we had last week.
Yes Jace, I am sure we will given that we have a successful billionaire as a major holder who has backed the plans for BOU from the day he got involved, something GRIT doesn't have. so yes, imo we will see more returns
Now wouldn't be funny to see an RNS dropped before close detailing the RTO. All the mugs selling today will come rushing back to pay much higher premiums.
MMs taking advantage of the Ticker change and are not moving the bid. will be all different when other brokers catch up and buys can come in more easily than it currently is.