UCL ucl resources limited

new top 20 shareholder list out, page-2

  1. 9,328 Posts.
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    Thanks nobull. I note it now takes 3 million to be in the top 20 which is an increase. I can't recall for sure which nominees had the Lundin and RAB positions so I'm no help to you there. However it is very interesting to see just how much Rob Murdoch has sold down. He has sold a large amount of his position over the last few months and there's not a great deal left to sell.

    He used to have over 50 million shares spread between 3 different accounts I think. I am surmising from your updated list that he must have less than 10 million left as only one of those accounts is in the top 20 and with less than 5 million. This is probably good news for current shareholders as his selling, which is his right, has been the major cap on the current price in recent times but less than 10 million to go is unlikely to sustain that effect.

    Assuming none of the other majors are intending to sell down we may see the buyers having to move up a bit soon. I noticed late last week a slight change in tenor so that may not be far off.
 
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