M & G have been diluted from 18% to 17.2% after the Sino...

M & G have been diluted from 18% to 17.2% after the Sino placement - they have bought an extra 500k shares since September which is substantially down from the previous 2 years when they have been heavy on market buyers in Q4.

Curiously in Early October there was 3 days in a row where they were net sellers- Looks like we know who has been employing the accumulation bots - ( as if we didn't already know )

Must admit Im surprised they havent gone harder to get to 20% given the current S/P weakness although they did buy 17k a bit over a week ago. Paying $4.17.

On the 16th of October they bought 86k paying $4.75 - Got me beat why they didnt put there hand up at $4.30 given Azure were handling the placement. they could have got to 20% in one go.


hOOt