Ann: Change in substantial holding from HHL , page-3

Hunter Hall were the big seller at 15c who had been holding the shares back. I am advised it was non PMP specific and part of a wider redemption and portfolio rebalancing, but who can know ?

So it's not necessarily the case that they are on ongoing seller now. There's been no selling pressure since the 15c issue and the shares are 20-25% higher.

If the company delivers on disposals, and trading is broadly in line with estimates when they report in February, I would be surprised if there was further serious institutional selling until the shares are closer to 30c.