Ann: App 4E/Annual Report to shareholders, page-26

Interesting to compare last years top 5 holders with this years top 5 because…they are still the same (ICM is the portfolio manager to UIL Limited)

18th Aug 2023

12th Aug 2022

Allan Gray increased by 0.38%
Allianz increased by 1.7%
M&G decreased by 1.45%
FIL decreased by 1.01%
ICM increased by 0.08%

Total holdings 2023  42.4%
Total holdings 2022  42.7%
Total holdings decreased by 0.3%

The SP is way down from last year and yet three top holders have increased their holdings. I notice that most of the retail holders in the top 20 have also increased their holdings.

So what is going on?  Are we all holding tight as the roller coaster careers downwards, hoping it doesn’t end in disaster. Are shorters dragging the price down because there are just not enough buyers at the moment, or have  they borrowed a large number of shares to play with? (If so, I would suspect M&G are the lenders). And what happened to all those millions of shares traded when AZD0466 was pulled?

It all looks a bit sus to me at the moment.