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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Induction Healthcare Group Plc | INHC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 12.00 | 08:00:26 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 12.00 | 11.50 | 12.00 | 12.00 | 12.00 |
| Industry Sector |
|---|
| HEALTH CARE EQUIPMENT & SERVICES |
| Top Posts |
|---|
Posted at 15/3/2021 22:56 by megasonic Built up a healthy holding in INHC these past few weeks. RNSs on a number of contract wins in the last few days and the resulting share price action suggest this was a wise investment.INHC looks a real solid MedTech business, seems to have plenty of buy in from medical professionals.Expect |
Posted at 09/7/2020 12:51 by sphere25 Scubadiverr,In this instance, it's the well publicised Woodford debacle and Link Fund Solutions (holding 10.34% of the company's stock as per the RNS dated 09/06/2020) acting as administrator to place the funds. It has been a similar theme recently at the likes of PURP, TRX and DDDD. Identifying an overhang in general would be an interesting question. Beyond news highlighting distressed or forced fund sellers, you can look for persistent sellers via holding RNS and where stocks appear to be artificially suppressed from reaching a higher valuation. An example of this would be TSL where Simon Thompson has recently written an article on Investors Chronicle highlighting the increasing disparity between the valuation of the stock relative to the ever increasing value of the stake it has in AfterPay. TSL has substantially lagged the move higher in the company it owns a stake in and the holding RNS show that this appears to be because of Lombard using the opportunity of higher market demand to sell down a very significant stake. They have sold down their stake from 18.7% of the company in mid May to 4.51% as at the 30th June. There have been numerous overhang plays in the past, but note that there is no guarantee that the stock will rally strong too - it does depend on the fundamentals of the stock too, short term rises can be sold into or stale moves can occur. INHC is such an example as it's highly speculative and could find other sellers in the market wanting to sell at the overhang clearance levels, so it ultimately depends on the fundamentals. Clearly if this stock starts show more on the fundamental front, it changes the picture entirely. Hope this helps All imo DYOR |
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