Inspired Share Discussion Threads

[yump] 02/3/2017 09:14

SC is getting roughly 50% more than the value when he was bought out.

Putting myself in the shoes of someone who had built a company, sold it for shares rather than cash and was still working within the acquiring company, I would certainly be minimising my risk by selling a lot of the shares.

Never really understood the strategy of employees having lots of shares in their companies - when every investment guru says you should spread your risk.

So your job, your pension and a big chunk of stock are all in the same pot ?!

[petewy] 02/3/2017 08:57

!gw Wow, way to go Simon Clayton!
Help.

If this guy is selling blocs of 100,000 everyday then what chance has the price of moving.

[1gw] 01/3/2017 20:41

Looking at the London South East trade listing it looks like 2 trades went through on Friday morning, 26.3m followed by 25.0m, both priced at 14.00p when the spread was reported as 14.75p - 15.50p.

SC's holdings notice disclosed getting rid of 26.7m, 425k more than the first trade.

So perhaps the MM arranged a back-to-back zero margin trade for the 25m at 14p and kept 1.3m (also bought at 14p) back to drip feed into the market at higher prices (effectively where MM's turn on the deal comes from?) or even to replace shares already sold to buyers ahead of the SC trade. Not sure how SC got rid of the remaining 425k unless there is a further delayed trade to be reported - or perhaps he broke it up and sold it in chunks in the days before the big trade.

So if that's broadly correct then SC accepted a discount to the market price to get rid of such a large quantity, but still got more than the Thorntons were getting in their major disposals over the last year or two. So considering he was locked in until November, he probably thinks that's a pretty good outcome.

Although this might be just SC banking the money he was paid for his company, it does prompt the question of whether he might be leaving INSE now or even whether there has been a falling out.

It also suggests that someone picked up 25m shares, which would be just over 5% I think and ought to mean a further holdings notice is due.

All speculation of course.

[greenroom78] 01/3/2017 17:30

So 25m at 14p just printed. I assume that is SC's disposal. My hunch is that whoever took them has been feeding the market with them hence these 100k sells late on. Thankfully they don't seem keen to crash the market on them and they are just feeding supply. I think that explains why the price hasn't raced away with all the recent buying.

Nice strong price again today, long my it continue!

[hjs] 01/3/2017 12:38

Soon it will reach 19p......

[wanttowin] 01/3/2017 10:26

breaking out now lovely

[1gw] 01/3/2017 09:35

Surprised we haven't seen the other side of the Simon Clayton disposal yet.

[rivaldo] 01/3/2017 09:31

Nice - the first buy at 16p just now.

Indeed 1gw :o))

[1gw] 28/2/2017 15:13

Hopefully beyond then?

[rivaldo] 28/2/2017 15:12

Nice comeback today. Results are on 27th March, so hopefully this run-up will continue until then.

[hjs] 28/2/2017 11:08

Just bought another batch of INSE as I am very confident that INSE will soon rise to around 19p when the results are released in March.

Management is actively looking at more acquisitions but IMO, I feel that they should be looking at increasing "internal growth"......expected net debt at year end 2016 is £10.8m.

[rivaldo] 27/2/2017 11:05

Inching up every day - slow and steady will do very nicely.

[cheshire man] 27/2/2017 08:42

Blue start on a Monday morning always cheers me up :-)

[the big fella] 24/2/2017 19:23

They really should be trading in the 20's not the teens

[igoe104] 24/2/2017 19:15

Excellent news, surely a share price move up to 17-18p range now, has to be on the cards over the next week. INSE has got momentum now, especially now the large overhang is cleared.

[yump] 24/2/2017 17:23

Presume that's a fund. A tip wouldn't make a big pi do that.

[wanttowin] 24/2/2017 16:12

Nothing volume taking us up !

I get the feeling a couple of serious buyers could really blow this breakout wide open.

[rivaldo] 24/2/2017 15:48

Wow - that's what you call an overhang clearance :o))

An extremely orderly transfer of shares to new holders - perhaps we'll get an RNS or two to tell us more.

[greenroom78] 24/2/2017 15:31

Is this one of those rare occasions where seller and buyer(s) have been matched by the house broker? Given his previous holdings RNS it hasn't taken long to shift that 26m, interesting to see what the price was.

[1gw] 24/2/2017 15:08

"The Consideration Shares are being issued to the founders of STC, Simon Clayton and Steven Rae, who will remain with the Enlarged Group and will be subject to a 12 month lock-in and orderly market provisions for a further 12 months from the date of admission. Simon Clayton will hold 26,229,508 ordinary shares, which will represent 5.56 per cent. of the Enlarged Group’s issued share capital on admission of the Consideration Shares."

From the STC acquisition press release 17th November 2015.

So the initial lock-in period didn't end very long ago and the "orderly market" provisions don't seem to have been a constraint.

[1gw] 24/2/2017 15:00

Wow, way to go Simon Clayton!

So if his selling has been keeping a lid on the price, what happens now?

Presumably that was a negotiated sale with an institution though and we'll see the other side in due course.

[the big fella] 24/2/2017 11:52

It has been a long time coming but at last we seem to be making some headway.

[rivaldo] 24/2/2017 08:32

Good to see INSE above 15p and at new highs now.

Forecasts for 2017 are still 1.45p EPS from Panmure and 1.3p EPS from Shore Capital (with 0.5p dividends).

[the big fella] 22/2/2017 19:25

We have been hoping for that for some time. Eventually value will out

[greenroom78] 22/2/2017 18:56

I bought in here yesterday morning after watching for a long time, thought I'd missed the boat when Midas tipped and I didn't have funds available. I note there is a large 850k print this evening which could well be the overhang that is pegging the price back. When it clears I'm hoping for a nice run up.