Don’t worry, it was confusing at the time when they issued the RNS - the shares increased but the % went down. I think they only have to notify the market when their actual shares change, as opposed to notifying the market every time the % changes as a result of Bird issuing more shares. Their purchase last summer was probably the first change in the shares in several years, and so they notified. |
Cabi is the man for holdings |
Pat cash, OK fine, my bad in that case. DIT must have been very very late in declaring then! They should have got a ticking off from the FCA but it's not interested in things like that (or very much at all, TBH).
If DIT were increasing then it seems less likely they would have decided to start selling, but who knows. |
Cyberbub - their shares increased. This has been covered a number of times here. When they previously reported (several years earlier) it was 4.17% because there were fewer shares in issue. More shares were issued, they got diluted, then bought more last year, but their new % was 3.15%. |
Salmon, yes it's possible that it could be several weeks until we see new buyers. I'm certainly hoping to see people start to take positions in the next 2-3 weeks in the run-up to SXSW, but there's no guarantee. As we all hope, it would be good if the company could announce a big jump in user numbers or something similar! |
 Pat Cash, no, DIT reduced from 4.1% to 3.1% last summer.
On the surface DIT (ticker: DIVI) seems to be doing very well, at a small discount to NAV and yielding 5%, so no obvious reason to sell down their BIRD holding.
However I've had a look at DIT's annual results posted in August 2024. They say that they did face a large redemption of 25% of their shares, but (as far as I can understand it) on page 20 of their full annual report ( they say that these were all settled by selling assets around that time to pay the redeeming shareholders, so that should be over.
On further reading of the report, it seems that DIT only have 1 redemption opportunity per year (usually May, but moved to July in 2025), so they can't yet know if they will have any further redemption demands, so they have *no* redemption-related reason to sell portfolio holdings at the moment.
Of course they might have simply had a change of strategy, or found a better opportunity than BIRD. Their annual report say they only have 3-4% of their portfolio in Technology.
Or it might be the 'main' Premier Miton selling - but I can't believe that they would feel that it would be a good idea to sell an illiquid 15% stake in the market?! There is also Cannacord, last declared at 4.88% who might be selling.
Who knows!! |
It seems to me that the main problem issue is that at this stage there isn't enough liquidity in the marketplace for Blackbird shares to deal with so much persistent selling. It feels like it has been going on for months and months.
I think the market in the shares will finally work normally when there is an influx of new buyers as the success of elevate becomes apparent. That could be 2 months away? |
Maybe the time limit is Friday Jan 31st |
Cabi
That is what I mean that institutional seller should have had some help placing a large line of shares in a more orderly manner
Anyway good for us picking up the shares |
I wonder if the complaint to the FCA mentioned a little while ago has got anywhere? AIM is just not straightforward in it's dealings. I was lucky to worm when "my word is my bond' and it really was. |
Diverse Income Trust increased their holding, not reduced. And they’re part of Miton. |
I think it must logically be a tax year seller. Even if it's Miton selling part of their holding due to redemptions, it will probably be based around a tax year, I don't think these funds allow investors to release their cash instantly upon request.IMO an insti or HNW has just placed an order with their broker weeks ago to sell X million shares (may or may not be their full holding) by a certain date. The broker is dripping them out - *hopefully* at a minimum price.It's interesting that Diverse Income Trust said they had dropped to 3.1% last summer and there's been no further declaration, but they're not shown on the Blackbird shareholders page? I've dropped BB an email to ask about why that is. DIT seems to have had about the right number (15M shares) to perhaps be the culprit, although we know that Miton have also had redemption issues. |
NickB.
Obviously not, as they have been selling for weeks. |
So that’s a fund manager selling with no time to exit gracefully it seems. |
You could easily buy 1 million below 5p, and I don’t think that would even clear the seller out. |
You’re away with the fairies ssb.
I’ve been blue for years.
I am your karma. It works both ways. |
Then JB you are a liar, I hoped better from you. Even though you turned Smurf.
Are you leading cannon fodder or a decent human being?
Karma will come for you.
BWTFDIK
SSB |
A bang out lie. It is entirely possible.
Just 100% false.
Do you think people don’t notice that you’re often stating things that just aren’t true? |
Well then the answer is no.
You could not buy 1 million shares at market.
Was 250k at 4,85. if that helps.
BWTFDIK
SSB |
@ssb
:D |
SSB I don't doubt your commitment. I simply asked whether you had tried buying a million this afternoon. I haven't got enough cash at the moment to try it. |
JB then your 100k not going to help much?
BWTFDIK
In or not this is going up - way up.
SSB |
It’s very very easy to buy a million.
They’re dropping the price to try to find a buyer for several million. |
Cyberbub we have a lot more than that. we have already done our job.
Why would you need me to save the day?
Look back how many I bought in last 6 monhs.
BWTFDIK |
No way probably good at these levels, skin the cannon fodder.
IG is so bad it makes me sad for humanity.
I only invest all cash.
BWTFDIK |
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