bosley
- 20 Feb 2004 09:34
Oilywag
- 13 Nov 2006 13:51
- 22307 of 27111
In SEO's case, a Really Naughty Story!
The oily one
Tonyrelaxes
- 13 Nov 2006 14:27
- 22308 of 27111
Not sure what a Holding RNS is.
But as the Chairman promised us last monday "any RNSs will be clear, factual, actual as to what is going to happen", we should find out not only what is being held but who's it is. ;-)
StarFrog
- 13 Nov 2006 14:49
- 22309 of 27111
Simon - RNS = Regulatory News Service.
Certain actions that can affect a companies share price are legally required to be reported such as directors buy/sells, announcements of AGM/EGM/Interims/Finals, etc, etc. Another example is when an investor buys enough shares in the company that they then hold more than 3% (Tony-I think this is what The Master is refering to) or sell enough that their holding drops below 3%. An RNS allows them to do this.
Tonyrelaxes
- 13 Nov 2006 15:14
- 22310 of 27111
My last post was a bit flippant (the quote was real), but while on the topic I still feel we are due more information of shareholdings following the Firm Placing that raised 11million. I have not done the sums but that must equate to a high number of "Institutions" taking it up if they are all below 3%.
These shares came to the market last tuesday. Within what period of acquisition must such an announcement be made?
garyble
- 13 Nov 2006 15:24
- 22311 of 27111
Tony,
Would be a minimum of 17 Institutions & PIs if no other RNSs are required.
StarFrog
- 13 Nov 2006 15:29
- 22312 of 27111
Tony - not too sure, but I think a change to notifiable holdings must be made within 7 days. Somebody wiser than me out there could probably put us straight.
Tonyrelaxes
- 13 Nov 2006 15:47
- 22313 of 27111
Gary & Star - Thanks
Seems an unlikely high number - more announcements probably due then.
patel04
- 13 Nov 2006 16:18
- 22314 of 27111
how long wait for RNS
jaguar121
- 13 Nov 2006 16:23
- 22315 of 27111
Sky News ,
right now the environmental minister is talking about the packaging problem
StarFrog
- 13 Nov 2006 16:37
- 22316 of 27111
Tony - not necessarily. I think (again somebody could put us straight) that if an investor already holds more than 3% and increases that holding to (say) 4%, then they are under no obligation to inform the company and therefore no RNS is issued. The criteria is simply if the increase/decrease crosses the magic 3% threshold.
greekman
- 13 Nov 2006 17:03
- 22317 of 27111
Starfrog,
Re the holding 3% and then increasing holdings. No notification required.
But can put out info if sufficient increase to effect the shares sp.
CLPerry
- 13 Nov 2006 17:43
- 22319 of 27111
Any comments on the buy of 27,764,721 shares @ 1.86p at 17:10 surely an RNS must follow this purchase.
Colin a long time holder and avid reader of this very informative thread
pinnacle
- 13 Nov 2006 17:49
- 22320 of 27111
The 27m plus is I believe a sell and matches the one earlier this morning.
This is why the price is lower.
Someone has made a fast profit!
ALCHEMY
- 13 Nov 2006 18:02
- 22323 of 27111
Driver, what is a X trade? could you explain please.
stockdog
- 13 Nov 2006 18:53
- 22324 of 27111
willing buyer/willing seller matched off market so no risk to broker who does it for an undisclosed fee (zero?) charged to one of them not in the price - e.g. a fund wants to sell its holding to a sister fund; a husband to a wife to balance their portfolios/tax situation etc.
at least, that's what I understrand. others can coorect me if I'm wrong.
explosive
- 13 Nov 2006 19:23
- 22325 of 27111
Nice to see an upturn in the sp. May the board keep quiet whilst were heading in the right direction.
Tonyrelaxes
- 14 Nov 2006 06:55
- 22326 of 27111
Back to Notifiable Holdings...
Irrespective of those Instittutions taking up the Firm Placing, there should be more RNSs following the Refunding because 3 of the holders listed in the Prospectus would now have dropped below 3% - even taking up their full entitlements.