Aj Bell Share Discussion Threads

[borg45] 23/5/2020 00:37

Don't expect the FCA to get involved they're more useless than chocolate fire guard

[peterbill] 22/5/2020 19:26

If you read the AJB prospectus you will have noticed the lock-in period ... that has now passed and major shareholders can now sell their holdings - Invesco under Neil Woodford was a major backer of AJB prior IPO ...

[mad foetus] 22/5/2020 18:52

Invesco held before it was listed IIRC and have got rid of their main manager so I think it is nothing to worry about and bought in on back of it

[thetrotsky] 22/5/2020 18:49

Unless I've misread the RNS, the placing wasn't done by AJ Bell (none of the proceeds went to AJ Bell). This appears to have been a private placing by Invesco on behalf of its managed clients i.e. rather than divest approximately 7.6% of the shares over a period of weeks (which would certainly have depressed the market price) they've sold them (at a discount) to other interested institutional investors. The fact that Invesco has decided to divest over 95% of its interest in AJ Bell might be disconcerting but other institutional investors have stepped into the breach and the market reaction today does appear somewhat overdone (a prolonged sell-off over several weeks could have done a lot more damage to the share price)

[typo56] 22/5/2020 17:09

Announcement sneaked out towards the end of the day ahead of a long bank holiday weekend. What was preventing them issuing the RNS at open, other than embarrassment?

This does not sit well at all IMO.

[discodave4] 22/5/2020 17:07

TypoAgree completely.They all sold yesterday at exactly the same price and 12% above the placing price.Disgusting.

[thedarkyhorse] 22/5/2020 17:00

Yes I concur.
Doesnt read well that Rns

[typo56] 22/5/2020 16:42

Yes, how come the directors managed to sell all those shares yesterday at 448.637p? Fergus Lyons sold 1.25m !!!

Did they have no inkling of the Invesco placing...done at 400p?

Surely that demands some investigation? This isn't some spivvy PI pump & dump AIM carp, it's a FTSE 250 for goodness sake.

[saltaire111] 22/5/2020 16:35

Just coincidence I suppose!!!

Just bought £20k more at £3.79. I spent lunchtime re-Reading yesterday’s numbers and I cannot see any bad news in there. so I’m investing in a rapid recovery - invesco cannot repeat the placing so we can be sure that today’s little surprise will not be repeated.

Salty.

[redalert] 22/5/2020 16:27

they sold yesterday before the announcement of the secondary placing. obviously not insider trading;) RA

[saltaire111] 22/5/2020 16:25

Director sales reported today too. What do they know that we don’t?

[0rient] 22/5/2020 16:24

Bought a few today..wouldn't be surprised to see this trading north of 10 pound in a couple of years when majority of new pensions will be SIPP's..will purchase more on any further weakness.

[hawaly] 22/5/2020 14:25

LOL

Newbies schadenfreude

😎
GLA

[umitw] 22/5/2020 14:24

Looking forward to filling the gap down!

[supremetwo] 22/5/2020 14:21

Saltaire.

Lose (or gain) is not a correct description unless you have actually made trades.

It is value at this moment in time.

[thedarkyhorse] 22/5/2020 13:12

Hey. Who likes to see a drop as we have?
But maybe its worth looking at it another way?
They wanted the dosh.
They could of been constant sellers in the market with an ongoing overhang daily for ????
My bet? Share price would of drifted a lot lower over time because of this.
Now quick remedy in hrs achieved. They get their dosh. We get full confident purchasers endorsing 400p as a good entry without any persistent overhang. Who will want it to rise from 400p.
Company doing very well.
Best of a bad occurence for me!

[umitw] 22/5/2020 12:55

Quite a lot of stop losses triggered as a result imo!

[eaaxs06] 22/5/2020 12:30

I know we’re still in turbulent market tile, but Numis really were being touch ultra cautious by placing them at a mere 400p, given they touched 467 and closed at 446 yesterday.

I’ve no idea what percentage they charge to advise and place a client’s shares, but even a small percentage of £124m works out at a very good morning’s work and a tidy sum into their coffers.

[saltaire111] 22/5/2020 12:17

Not great when the share price pre placing was £4.50!!

[thedarkyhorse] 22/5/2020 11:54

Well, A good recommendation and positive response with the full listing taken up at 400p.

[umitw] 22/5/2020 11:00

3 million shares @ 400.48

[peterbill] 22/5/2020 10:45

Further to yesterday's announcement, Invesco Asset Management Limited ("Invesco"), in its capacity as agent for and on behalf of its discretionary managed clients, announces that, subject to completion, it has sold in aggregate 30,986,911 ordinary shares in AJ Bell at a price of 400 pence per share (the "Placing"), raising aggregate gross proceeds of approximately £123.9 million.



Following completion of the Placing, Invesco will hold 1,303,609 ordinary shares in AJ Bell, representing approximately 0.3% of the Company's issued share capital.

[eaaxs06] 22/5/2020 10:33

That's made quite a chunky downwards opening gap to (hopefully) fill at some time in the near future. I bet there will be a lot of buys taken out today, targeting a fill back to 446p.Good luck everyone, Sid.