...and there was me thinking this thread was exploring the reasons behind the recent price crash!
Thanks for the timeline airrage, your diligence is impressive but perhaps wasted, since in terms of his "offloads" being behind the current drop, from a price of about 440pence at the beginning of June, you have included no recent sales from Stelios.
Certainly the market is nervous that he may still offload, particularly when he vacates the chairman's position, and there are apparently no restrictions to stop him doing so. However, in a depressed market, he would normally be expected to wait for an improvement in price, unless desparate!
At the time of the "GO" purchase a number of sources predicted that he would have to "offload" up to £100m of shares to fund the purchase. So far they have been proved wrong.
Oh, and my sources are perfectly adequate thanks, and they are not necessarily newspapers!
Last edited by newswatcher; 26th Sep 2002 at 08:03.