secret santa

June 13 2012

Almost 10% of ENK shares trade is a single day on the London Exchange. But trade number was below average. In other words, a substantial holder sold to a substantial buyer.

June 15

A new major shareholder announces themselves - Corporate Foresight Limited. A British Virgin Island company (I think) with a UK law firm as public front. The sole purpose of CF appears to be to buy a big chunk of ENK.

A major holder with precisely the same amount of shares acquired by CF (19,500,000) was Hanover Nominees (May 2011)

Conclusion

1) Shuffling by whomever is represented by Hanover Nominees

2) A new player with deep pockets wants a lot of ENK.