Hi inthetin .15% = maybe ...balanced close ...20% = shareholder % influence tipped ...cheap very cheap .....value ....installations increasing at brisk pace as will future income..50% year on year ...everything balanced ..perfect timing |
No, I'll let you work out the significance of holding more than 50% yourself.
GL
ITT |
Hi DTB
I think that you are counting DJP's holding twice. It's catching! (and you got 2 thumbs up immediately)
GL
ITT |
Morning ITT. As of yesterday, directors and significant shareholders hold 57.37% And there are probably quite a few, including some on here I would imagine, who have holdings not far below the threshold. Whether any of it amounts to a hill of beans or not is another matter. Anyway, back to watching the emulsion dry. |
According to Cyan's website (which might/might not be up to date), majors and directors now own 51.9% of all shares.
There seems to be a chance that some of Premier Miton's and Axia's holdings could be the same shares but not enough to test the 50% (well, it's borderline). |
When, like me, you have a brain with the processing power of a Sinclair ZX81, it's all cryptic Gizmo. Been lots of interesting bits and pieces happening recently but unfortunately not having much cut-through with the share price. I am a loyal supporter of the company over many years but we are now at a point where the board need to get the finger out and get the share price moving up. Let's hope LF's expertise can help with that. But thanks anyway for your always intriguing interventions. Keeps the little grey cells firing. |
Hi Derek ....not cryptic link to MCA and how rules fastracked to allow UK company to merge into its Indian subsidiary.... |
You can only sell £1,500 worth with AJ Bell ATM, which suggests to me that Axia have stopped buying or at least happy with what Mr TU has for sale. |
DYB, IMHO just a dubious algorithm. Ask the software engineer....... |
Hello MB, maybe take a look at what Miton MINI announced on 18 November. It includes.".... has started discussions with Premier Miton about putting forward a scheme of reconstruction under section 110 of the Insolvency Act 1986 and voluntary winding-up of the Company (the "Scheme") through a rollover into one of Premier Miton's open-ended funds. Should the Scheme be put forward, it is expected that a cash exit alternative will also be offered. The winding up of the Company will be subject to shareholder approval and further announcements will be made when appropriate".That is why I said we need to await a proposal and a Shareholders meeting. They seem to have the option to make in-specie transfers to other Miton funds, which opens-up a myriad of options for the disposition of the Cyan (and Serrano) shares |
So does the fact that we are still sitting on 9.80/10.50p suggest that the process is continuing. Either way, we need to get news very soon on progress and get the share price moving UP! Gizmo on the other thread has one of his interesting, cryptic offerings. |
Hi DTB :)
There seems to be an almost "matched" trades situation - Miton/other funds are happy to sell around 10p and another/Axia is willing to buy around 10p - both are swiping right in true Tinder style !
Both entities are currently alive, though in a while you may need to summon spirits and necromancy to communicate with MINI :) |
Morning Multi and all. The activity involving Axia and the MINI stuff, where it seems one has been unloading and the other loading, has rather distorted the pricing. Can anyone explain why, as of this moment, the offer has remained at 10.5p when most of the trades, yours included Multi, have been taking place around the 10p mark. Necromancy, or what? |
Hi TF :)
I gather there are 4 Miton funds or so, there is one which is winding up as it is no longer thought to be "viable" from a financial standpoint of view.
As an hypothetical example, if someone wants to sell a certain number of shares say 1m and partial sale of that amount drops their threshold below say 6%, and they are yet to sell 400k shares then they can wait till they complete the 400k sale before having to report that they have fallen below 6%.
So this is consistent with your view that "short term trading action" can be completed.
It is a issue for Miton how it meets it redemption requests - so those in profit are the ones they will sell first and as they picked up in the Sep 24 fund raise, they are still making a decent profit (about 1p) for a 2 month holding period. |
Perhaps Mr TU (or should we rename him Mr Downbeat) will agree to have an interview where he explains to the audience his reasons for offloading while hitting the buy button. |
Hi MB, from my (limited, DYOR) understanding a holder does not have to issue a TR1 the instant they go past a threshold, optionally the short term trading action has to be complete too. Otherwise how come you sometimes get TR1's that show holders sailing through the thresholds?.The point I was making is that until the MINI Shareholders meeting how will the definitively know what they are to execute ? |
Hi TF :)
From what I know, if the selling by MINI is complete that they will have to issue a TR1 once they hit the thresholds. Restructuring of their Funds and their interactions/decisions by the Board/fund holders are an independent matter. |
Hi Marking Time,
It looks like I may have been saved from some posts - probably from conspiracy theorists or the paranoid ones on BB filter !! Who is the Viles you are referring to please ? |
I am not sure you will see a definitive TR1 until the MINI reconstruction is over, after the shareholder vote? They are looking topossibly slide some of the holdings over into other Milton Fund(s). Worth keeping an eye out for other MINI RNS's |
I attached initially attached no significance to the Chinese aspect, except in an investing context..On further thought I do believe some years ago Cyan certified some alternative Chinese chip suppliers - has the recent relationshipwith Silicon Labs eclipsed that? |
Viles is Managing Partner and a Wharton MBA. No mug. The Chinese link is interesting, given Cyan's footprint elsewhere in Asia |
I note that it has proved impossible for anyone to supply a link to an article about Cyan from any reputable source (newspapers or shares magazines etc), even if you go back 10 years.
Why is that?
Too toxic? The writers want/need to keep their readers. |
Good morning all !
Another TR1 showing an increase in holdings.....coupled with the news below would make sense to the logically minded ones.
I gather that Miton has another circa 26m shares in another fund.
Let's hope the selling by Miton is finished - phew !!
Good luck all !
Edit: Axia have picked up a total of 11,363,659 shares from Sep to date. Looks like we can expect to have a TR1 from the seller (s) in the near future, as there could be other funds like Crux also facing redemptions ? |
IMO, you would be wise NOT to interpret the last trade on Friday as a buy signal. |
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