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paulypilot - Thu, 15 Dec 05 :

Hi,

The 3.04% stake held by Fidelity (announced today) does indeed seem to be a new disclosable stake (it's not listed on Hemscott anyway).

Encouraging that Fidelity have been buying. Although it's easy to work out from Level 2 if there's a big buyer in the background - as the price remains static despite a regular flow of small sells.

Encouraging to see such a major Institution buying. An inadequate Institutional shareholder base has been a long-running gripe here.
It needs more Institutions on the shareholder list to get a higher
PE rating.

Regards, Paul.


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