HZN 0.00% 20.0¢ horizon oil limited

Ann: Ceasing to be a substantial holder , page-3

  1. 3,844 Posts.
    lightbulb Created with Sketch. 489
    Not quite right pencilin.....

    Acorn have sold just under 2 mil of the approx 62 mil shares that they hold.....i.e. a relatively small amount of their total holdings.
    It takes them under the 5% required to be 'substantial holder', hence the notice, but they are still a significant holder.

    They have been selling down since the start of the year. I am happy to see them remain on the register as it means they still see growth for HZN. Acorn are primarily motivated by picking growth stories.

    I suspect they have sim[ply been re-jigging the portfolio.

    Are you sure they have been shorting HZN, or are you speculating?
 
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