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So Miton have reduced by around 2%.
They still hold over 7%. That could explain the 1.5 million trade that popped up yesterday.
Given the amount of the company owned by II’s, a reduction like this is a drop in the ocean.
On the flip side, Naturally, it does make you wonder why they would sell so close to results.
Let’s get these results out and then we can digest them and form our own opinions and strategies going forward
Obviously, nobody is supposed to get wind of the results before they’re published. Assuming that that has been upheld, it could just be a simple case of the II becoming a little uneasy with the delay, just like us shareholders, and derisking a bit!
But who knows, all speculation at the end of the day
Premier Miton microcap trust. I like that trust, and Gervais Williams.
I hope we dont need to read anything in to that, although the trust is very small - and has not performed well of late, CMH is a tiny holding within the trust, not even making the top 20: https://www.mitonukmicrocaptrust.com/portfolio-information/
Being closed end, it is not redemptions, but the fund has altered its investments and has obviously decided that there is more upside elsewhere. Cant blame them, if everyone is kept in the dark. Hopefully they have not been sounded out about a raise, but even so, they have just sold at a quite a loss to avoid one if that were the case. From emory, they bought in the placing at 3.3p I think (anyone better memory)?
It isnt the case that they are privy to information that we are not (except sounded out about a raise). However, there analyses and wider knowledge probably is far more, so maybe they can see a likely scenario here of mediocre results. Weirdly, its quite re-assuring for me. Plus its possible there was a buyer. The big trade was dated 24th, and PM say they cross the threshold on the 27th, so more going on in the background. I follow a lot of investment trusts, they are having a really tough time and may have completely unconnected issues going on.
Its also a question of scale. Lawmaker you said this is 8% of your pf. But CMH for the trust called MINI is probably about 0.4%, and having reduced it is now 0.38% for example. Clearly they sold a laggard, but that is far as I read into it.
Someone bought them.... Anyone know what TB needed to cross the threshold that he was borderline on?!
2 more big trades totalling 5 million shares has popped up from yesterday. Could be Miton. Wouldn’t have thought a 2nd II would be following suit.
Off the top of my head I can’t remember exactly what TB is on percentage wise but I know it’s close to the threshold. He can’t be trading at the moment due to the closed period, but could the shares be being held for him until results are published? Somebody will need to buy these shares and we haven’t had any large buys yet.
Miton in my view are a crap organisation , theyve always been selling out of aim companies for some time
Thought he was like 29.9% or something?
Will see if I can find and publish the list of holdings on here
Here we go with another big sell. I do wonder if this is Miton reducing further. My guess is that’s what’s happening
Wonder if any more big trades are going to turn up after hours or a holdings RNS
I do not want to read another BS AIM tradgedy this morning!
Lol. Well as there's no rns you won't be reading anything ! They don't like 7am rnss around here generally. Probably happen during the day. They got until end of play. Night watchman
Probably still in their beds.
The report caught fire in the furnace!
The final results were that hot they combusted 😂
By hook or by crook we get an RNS today!
Hopefully intra day results. If not, we suspend…but I can’t of any reason why we would suspend!
Here we go lads, let’s see what transpired today.