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| Subject: 86.1666666666666666666666666666667---28/8/03 | |
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Date Posted: Thursday, August 28, 10:52:01am 86.1666666666666666666666666666667---28/8/03 28/8/03 Ingot is the funds management investment advisor for UIT Stocks and Utilico the transfer reported 28/8/03 in relation to 13/8/03 represented SUITS remaining holdings in ERG limited to Utilco. (There were 2 Utilico's) 1) Utilico Investment Trust (UIT) 2) Utilico International. (Utilico) Utilico International has been wound up and the remaining holdings transferred to UIT ----Utilico Investment Trust. Lowest price traded for ERG shares on the 13th--and that was only a trade for 4,300 shares was 87c--a big sale went through at 90c---(1.900.000 on the 14/8/03 at 90c)--the 28/8/03's notice states--pertaining to consideration given--the term GBP1 on the 13/8/03 a vote was taken to wind Utilico International up--so from that date selling commenced. The exact cyclical low was on the 8/8/03 it was 82c with a vwap of 86.2 From the 13th through to the 28/8/03--the median average price of all the lows added together in ERG's trading history is 13/8- 87 plus--14/8- 87 plus 15/8-87 plus (on the 18/8/03 it did a double bottom at 86 with the 17/8/03--at 86) 18/8- 86 19/8--87 20/8--86 21/8 86 22/8 86 25/8 84 26/8 85 27/8 85 (double bottom) 28/8/03 88. 86.1666666666666666666666666666667 The previous notice was given on the 21/7/03 in relation to the following sales 16/7/03--0.884407888918369151852834527283983 17/7/03-931445603576751117734724292101341 18/7/03-1.0318000560067208649677961355363 The previous notice to the 21/7/03 was the 30/5/03 giving the position for the 27/5/03--re Ingot Entities becoming a substantial holder--refer below. The Ingot Entities became a substantial shareholder in Erg Limited on 27/05/2003 with a relevant interest in the issued share capital of 694,660,896 ordinary shares (26.67%). correction prev recorded 1.900.000 at 90c on the 14/8/03 lowest price 87 on 14/8 [ Next Thread | Previous Thread | Next Message | Previous Message ] |