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Dropped from 14.89% to 4.55% on 24/9. Notified yesterday.
https://www.londonstockexchange.com/news-article/IGAS/holding-s-in-company/15152873
Heavy hidden selling pressure Disappeared yesterday morning. Aimho
I agree with JH. Suspect they are exiting and selling is still continuing, but even so at volumes like yesterday shouldn’t be long before we are shot of them anyway and it can be properly let free. The 100k, 50k, 35k and 20k trades continued yesterday although rate decreased. I haven’t seen such a sizeable holding disposed of in such a small company in this manner before. Anyone else know if it is normal? Hoping it will do even better when we are completely shot of them…
This is good news, I think they are totally out now with yesterday heavy volume of buying, I wonder who the new institution is and remember we were up on a bad market and today dow future and ftse is positive
James with the large volumes on Mon and Tues and the change in Price action yesterday AM, KOG definitely out.
Still some 4.55% to go..then they’re out in next couple of days.
Latino look at the date!
Date on which the threshold was crossed or reached vi:
24/09/2021
Latino read the dates on the RNS.
What is the effect of this? Why is this good news?
I par, someone has bought from them in record time
Parsnip - it is confirmation that there was a reason for the drop and also that it has finished or almost finished. While selling is normal, one institution offloading such a significant proportion has created the deflation. Would obviously have been even better if it was another ii showing faith by buying in but this is next best thing and fundamentals should drive it up to where it should have been in the first place.
We may get another TR1, in fact I would be surprised if we didn’t.
Thanks James, understood
James, normally it takes few days to show another institution bought via rns, should get one soon
We'll need another TR1 anyway for Kog dropping below 3%. Do you think that an institution has purchased a chunk of Kog's shares Legin?
Hope you are right L2.
That’s very true Builder, at least that will confirm they are sold out.
In black and white, they are working with other energy providers, rns anytime I guess
"We are also working closely with other energy providers on a number of district heat networks in other cities.
Both the BGS report and the ARUP report, published in May this year, support the need for deep geothermal in the Government's energy policy for the next 30 years, but with real and tangible benefits in the immediate future. Deep geothermal has the potential to become a world leading industry here in the UK, provide a stable transition away from oil and gas, and help meet the Government's net zero ambitions by decarbonising heat on a mass scale
That's a long life time "geothermal systems have an estimated lifetime of 100-300 years
"There are clear economic benefits to developing geothermal energy. Oil and gas resources are dwindling while fuel prices continue to rise at an unsustainable rate. The world’s economy is struggling and jobs are desperately needed. Geothermal energy is the solution.
Geothermal energy helps governments to tackle security-of-supply issues. It is a renewable resource that will never deplete. The European Commission estimates the EU could create up to 1.5 million jobs by 2020 by investing in a low-carbon economy.
Modern geothermal plants produce no CO2 emissions. They have minimal impact on the surrounding environment. You cannot hear geothermal energy, you cannot see it and you cannot smell it. Geothermal district heating systems are very urban friendly. Likewise, geothermal energy is not reliant on the weather, unlike solar and wind. It can operate almost 100% of the time. Indeed, geothermal is a proven technology harnessed around the world. Importantly, geothermal systems have an estimated lifetime of 100-300 years. They provide energy security for urban locations.
Explains why sse partnerd with us and other majors will I have no doubt, just look at the energy crisis,
Looking like there is the possibility of a second significant holder reducing. Aimho
Could be but someone is buying it off them, also If I'm correct certain funds cant hold shares in company that has owned market cap as this, you may want to check it out, gives us pi opportunity to buy on cheap
Small market cap
No evidence to suport this
Back on last weeks trend - tight spread, lots of very round trades in multiples of 5k/10k, hard to tell sells from buys. Looks like seller still going to me. At lease they gave us a glimpse of what's to come when they are finished.