One can speculate until the cows come home (or potentially with an announcement today or Friday)...........that is exactly what I intend to do
It would be total madness for any of the large shareholders...... eg Fidelity, Allan Gray, or M&G to now reduce their holdings in Starpharma. In fact an increase would be more logical
So who is/are the sellers
Below is a list of the top 20 or so stakeholders in the company. You will note there are several whom have been holding for quite some time.... and perhaps due to circumstances have decided to exit completely. Not including the top three in the list below......none of them own 5% or more
If in fact, any of the above three mentioned have reduced or increased their shareholding by 1% or more, then a substantial shareholders notice must be given within 2 business days. If none is given, until after this period the entity can be fined by the regulatory body and civil action can be initiated.
So who is/are the buyers
If a new player has entered the arena.......once again until 18.45 million shares have been aquired (5%) a notice does not need to be submitted
Could be Fidelity, M&G, Allan Gray have aquired additional shares. This make sense. However if this is the case, there have been no recent substantial shareholder notices given. Remember yesterday was not the only period of high volumes. In the last 10 business days, volumes exceeding the norm have gone through (2 million, volumes about 1 million, and a few 800k plus transactions)
So another obvious answer could be short sellers covering. Well yesterday (unless there was an error in ASIC reporting.....and it would not be the first time), there was a reduction of total shorts from 2 to 1.75%. If this was a mistake and it still remains at 2%..... the volume turnover yesterday equates to the total short sellers percentage of 2. Would it not be funny if the whole amount was short covered yesterday (wishful thinking)
Anyway we should get an answer today when the short sellers report comes in from ASIC. Remember it is T+4. And the volume on 27th of July was over 2 million.
My thinking is a new player is on the scene.......and there has been some covering by shorters
We most probably will not get any answers until the above scenarios have played out
1. HSBC Custody Nominees (Australia) Limited 126,009,550 34.14
2. JP Morgan Nominees Australia Limited 38,300,306 10.38
3. Citicorp Nominees Pty Limited 28,538,389 7.73
4. National Nominees Limited 8,724,690 2.36
5. T & N Argyrides Investments P/L 5,472,592 1.48
6. BNP Paribas Noms Pty Ltd 4,396,654 1.19
7. Warbont Nominees Pty Ltd 4,065,111 1.10
8. MBA Investmentwith ans Pty Ltd 3,060,000 0.83
9. Mr Peter Murray Jackson 3,050,000 0.83
10. Applecross Secretarial Services Pty Ltd 3,047,240 0.83
11 Mr Kingsley Bryan Bartholomew 2,542,072 0.69
12. Sunshine Group Investments Pty Ltd 2,400,000 0.65
13. Ms Jacinth Fairley 2,228,024 0.60
14. Dollar Coin Investments 2,001,850 0.54
15. Merrill Lynch (Australia) Nominees Pty Limited 1,696,348 0.46
16. HSBC Custody Nominees (Australia) Limited - A/C 2 1,685,851 0.46
17. Mr Peter Malcolm Colman 1,638,851 0.44
18. RBC Investor Services Australia Nominees Pty Ltd 1,521,146 0.41
19. Commonwealth Scientific And Industrial Research Organisation 1,448,798 0.39
20. Mr Mario Argyrides 1,439,900 0.39
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