Capital Share Discussion Threads

[dangersimpson2] 19/12/2019 14:56

It's an interesting theory but not sure if it makes sense. In the past, he has always sold in blocks placed with institutions at a small discount - why suddenly start selling in the market. I would expect exceptions that allow him to sell are things like hardship - and it would be strange for that to be the case given the money he has raised recently. The consent of the brokers is also presumably so that they know the intention and can place the shares as a block - which again goes against the idea of selling in the market.

It is a bit of a mystery though - there is clearly a seller with some volume in the market and they appear happy to take the market price in an illiquid stock rather than block trade. We've had trading news as recently as mid-October and the Tamesis notes have been increasingly positive this year, leading to a price target now double the current buy price. Suggests it really is just a bit of forced selling or year-end tidying from someone who doesn't care too much as to the price they get.

[gleach23] 19/12/2019 14:13

I'm wondering if the seller is Craig Burton?

Prior to 28/09/16 he owned 28.466m shares or 21.1%

He sold 7.67m on 28/09/16 along with other directors and founder shareholders as part of a 25m share sale to 'satisfy institutional demand, increase free float etc'

He alone then sold another 10m on 04/04/19, the remainder subject to a 6 month lock up

As soon as the 6 months was up he sold another 4.65m on 16/10/19 to leave him with 6.145m which is again subject to a 6 month lock up although it is "subject to certain exceptions and may otherwise only be waived with the consent of Peel Hunt LLP and Tamesis Partners LLP."

So he seems intent on selling down asap and I wonder if these 'certain exceptions' are kicking in to allow him to exit fully?

[gleach23] 19/12/2019 12:46

Having noticed the Bid had firmed a tad this morning I couldn't resist picking up a few more @ just over 52p, after which the underlying Offer has firmed so fingers crossed we have good support here from which to exhaust the seller.

[gleach23] 18/12/2019 10:35

Thanks Shanklin - that is very late of them, especially considering what a high profile it has on their own ranking system.

Edit - seller still making their presence known this morning I notice with a 20k sell @ 51.1. Looks to be plenty of stock still available on the Offer (100k) although less than before.

[shanklin] 18/12/2019 10:11

At my request, Stockopedia have very belatedly loaded the H1 results released on 22-Aug-19. Stockrank now up to 99 (out of 100).

[jampot7us] 16/12/2019 14:02

in for more...

[shanklin] 13/12/2019 14:16

Here's hoping. :-)

[rivaldo] 13/12/2019 14:15

Still going back up Shanklin - CAPD has class, unlike Corbyn (mind you, almost everyone is classier than Corbyn....)!

[gleach23] 13/12/2019 13:55

Good to see some chunky trades being reported late although based on the quantities available on the Offer in recent days I was expecting more. Hoping we see a 100k+ trade or 2 reported later. Obviously need volume to exhaust this determined seller.

[shanklin] 13/12/2019 13:39

Blimey rivaldo... ...Jeremy Corbyn hoped the election would be red at the close, and look at how that went.

[rivaldo] 13/12/2019 13:34

Nice bounce. Perhaps it'll even end up blue at the close.

[valhamos] 13/12/2019 13:07

Volatility is a feature of this share (I've held continuously since 2011) so frequently provides these opportunities; core long-term holding from 16p but added a few more to trade.

[shanklin] 13/12/2019 12:57

Would have bought more if I had not reached a full weighting first thing today

[tole] 13/12/2019 12:25

I've jumped in with a few.

[qs99] 13/12/2019 12:18

hope so....will watch and see if worth a top up

[shanklin] 13/12/2019 12:12

Agreed rivaldo

[mfhmfh] 13/12/2019 12:11

I agree about distressed seller.

company obliged to tell the market if 'something seriously wrong'.

[rivaldo] 13/12/2019 12:06

Probably just a forced/desperate seller.

Less than two months ago two non-execs bought £100,000 of shares between them at 60p. It's unlikely anything's changed much since then, especially given the bullish Q3 trading update.

[tiswas] 13/12/2019 12:00

Something seriously wrong here, surely? No statement from company on a 25% fall from recent highs in a strongly rising market.

[shanklin] 13/12/2019 10:31

What a good start :-(

[qs99] 13/12/2019 09:52

thanks, glad I have stocked up on SHG then....worthwhile looking at thread IMO and looking at the presentation the CEO gave earlier this month

[mfhmfh] 13/12/2019 09:42

added earlier this week.

article in IC this week on Centamin said:

'...Goldman forecasting gold at $1,600 an oz for 2020 and 2021.'

[smartmoney100] 13/12/2019 09:17

Also added. LTBH this one