The top 15 institutional shareholders of Seeing Machines (AIM: SEE), as at 30th September 2016, were:
Hargreaves Lansdown, stockbrokers 7.06%
Miton Asset Management 6.68%
Fidelity International 5.4%
Hunter Hall Investment Management 4.26% (updated following RNS 28/11/16)
TD Waterhouse, stockbrokers 4.01%
HSDL, stockbrokers 3.04%
Barclays, stockbrokers 2.93%
Bell Potter Securities 2.78%
AJ Bell, stockbrokers 2.30%
Legal & General Investment 2.25%
Polar Capital 2.17%
Australian National University Investment Office 1.87%
Herald Investment Management 1.67%
Phillip Securities 1.66%
HSBC 1.48%
Totall 49.56%
With VSI holding 12.08%, it appears that over 60% of SEE is quite tightly held. Therefore, on positive news flow the share price is likely to accelerate very quickly.
The writer holds stock in SEE.
Isn’t it possible that those held by ‘stockbrokers’ are collectively individual investors nominee accounts?
I think many of them may well be execution only accounts. However, some of the stockbrokers also have advisory as well as discretionary accounts that they manage for high net worth individuals.
Any views on the funding of Fovio RNS Chris?
I’ve posted my views following your request. Although I’ve not spoken with the company.