Ip Share Discussion Threads

[bamboo2] 29/11/2024 17:19

ONT now plus 30% in past six sessions

ONT current Mcap £1,517,034,381.66

9.5%

£144,118,266.26

Valuation of this holding on 30/6/2024 was approx £78,700,000

[bamboo2] 29/11/2024 08:32

Frazboy, yes looking good. The shorter has helped by increasing volume and reducing the share price meaning that the co has been able to buy back around half a million more shares than they likely would have done at prices prior to the short.

I have confirmed management do have flexibility in the buyback and are able to take advantage of price dips, within certain limits, as suggested by palisz.

ONT has helped lift NAV with share price up approx 20% over the past six sessions.

ONT has said no more LAT shares, and entry to the FT250 should be confirmed on Wednesday. [This means trackers and IT's will be buying.]

In addition ONT have announced a huge new strategic partnership between UK Biobank, Genomics England, and NHS England.

[frazboy] 29/11/2024 07:58

As in complete the BB before Xmas

[frazboy] 29/11/2024 07:58

Bamboo - It looks like they're going to make it!

[bamboo2] 29/11/2024 07:56

Date of purchase: 28/11/2024

Number of ordinary shares purchased: 840,000

Volume weighted average price paid per ordinary share (GBp): 43.6915

[bamboo2] 28/11/2024 07:15

Date of purchase: 27/11/2024

Number of ordinary shares purchased: 815,000

Volume weighted average price paid per ordinary share (GBp): 44.1782

[bamboo2] 27/11/2024 07:16

An RNS from IUG this morning suggests amount of capital return from sale of AI part of business will be known in December 2024.

[bamboo2] 27/11/2024 07:12

Date of purchase: 26/11/2024

Number of ordinary shares purchased: 725,000

Volume weighted average price paid per ordinary share (GBp): 43.2605

[bamboo2] 26/11/2024 07:45

Date of purchase: 25/11/2024

Number of ordinary shares purchased: 692,873

Volume weighted average price (pence): 42.8079

[bamboo2] 25/11/2024 22:25

Latest newsletter

[bamboo2] 25/11/2024 07:53

Buyback last week totalled 2,885,000 shares

For info the 0.5% short is currently 4,933,264.35 shares

[bamboo2] 25/11/2024 07:44

Date of purchase: 22/11/2024

Number of ordinary shares purchased: 690,000

Volume weighted average price paid per ordinary share (GBp): 42.0166

[palisz] 22/11/2024 14:04

11m shares traded at 2pm, something is afoot!
Someone snapping up a decent position.

[p1nkfish] 22/11/2024 10:03

This has some correlation to $ liquidity imho that also shows up in the wider global economy.

Just a rough observation.

[bamboo2] 22/11/2024 07:46

Date of purchase: 21/11/2024

Number of ordinary shares purchased: 640,000

Volume weighted average price paid per ordinary share (GBp): 40.6950

[bamboo2] 21/11/2024 17:13

2 x 2,005,273 just reported from earlier takes us close to 10m traded today.

[bamboo2] 21/11/2024 16:38

Re ONT, Larry Ellison [Oracle] one of the world's richest men adding to his holding in ONT. Now holds 57,293,679 or 6.004900% [plus afaik Oracle directly hold another 3%]

[craigso] 21/11/2024 14:33

4.5 million volume and counting today... Either the short is covering, or somebody else is trying to "short squeeze" them into capitulating.

[bamboo2] 21/11/2024 10:29

Approx 28 trading sessions until end of 2024 [some are half days].

At current share price the co has enough cash in the existing scheme to buy back 15m shares.

That's over half a million shares to buy in each session.

[p1nkfish] 21/11/2024 10:22

Float is certainly too high.

[palisz] 21/11/2024 10:08

From memory, so I'm sure you'll all correct me.
CEO committed to using 25% of realisations for the buyback.
So potentially another £30m+ will be in the pot, to buy
another 75m+ shares at current 40p. Shorts can suck on that!

[bamboo2] 21/11/2024 09:34

Doing a few rough calcs, the co has enough cash left in the existing scheme to buy approx 15m shares at current prices.

[bamboo2] 21/11/2024 08:05

At this rate the co will have bought the whole short in around seven trading sessions.

Date of purchases: 20/11/2024
Number of ordinary shares purchased: 615,000
Volume weighted average price (pence): 40.8968