I admit this was a damp squib today after all the expectations...

I admit this was a damp squib today after all the expectations from Friday's close.

However they cannot just place the retail shares in the market at the moment. They may be left with some after the retail offer closes but that is not until next week.

They were left with 2% of the insto offer but I think that was less than 40m shares. Since the insto offer and the resumption of trade, approx. 942m have been traded.

I think the hedge funds are playing.