Ann: Ceasing to be a substantial holder, page-29

If you're right, you will see the evidence in the next few days. At this stage there is only evidence that they came onto the register with an attention seeking tickle more than 5%. There has been some very significant volume in the last 2 days and the SP has been pushed up. If Regal has loaded up as you say, we will know. If they haven't, then it is more likely that they are simply executing an old fashioned pump and dump and if so the challenge will be for them to get back under the 5% without leaving their profits behind. Time will tell.