RE: As Shakespeare would say...1 Mar 2019 16:45
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Shares in issue: 860,852,693
Major shareholders: 549,606, 874 ... ... 63.84%
Free float: 311,245,6819 ... ... 36.16%
36.16% (311.2 million) are available for trading.
No TR-1 filed, so all the major shareholders still hold their shares ... 63.84% of the float is in strong hands.
On the basis of no TR-1 being filed we can safely assume that whoever has been selling is not a major shareholder, i.e. a 3%+ holder.
3% equates to 25.8 million shares. Could be that a large shareholder or holders have been selling. If one or two of them with a shareholding adding up to 25 million decided to come out ... then this explains the price drop.
The fact is, unless we see a TR-1 to change this, no major shareholder is selling.
They must have almost finished by now, looking at the amount of shares that have been solid in the last few days. IMO, it has bottomed out now.