UK 18:54 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Fidelity is dumping its shares in Quenron (QPP) and I explain what this means. Jefferies is defending IGAS (IGAS) by doing nothing and I explian why it is so foolish to do so. This will explode in the face of IGAS and its piss poor Nomad. A quick ten minute blast - no holds barred stuff
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Comments
hammer69
Tom,
FMR actually held 41m QPP as of June (last TR1 when went below 10%); has therefore been selling for a while, 20m QPP over last 4.5 months.
As an overseas II only required to notify at 5, 10 and every % point above that. Therefore 5% overhang remains with no more notifications required.
H69
LOLing @ QPP
They actually sold down from about 41 million shares but obviously QPP have not announced that ever. Their website still shows them in major shareholders at that level!
rob
Major Shareholders Information
Name
Director
No. of Shares
% Holding
Robert Terry (2)
•
46,650,000
10.69%
Fidelity Management and Research
41,246,516
9.45%
M&G Investments (Prudential)
29,166,666
6.68%
Investec Asset Management
14,784,785
3.39%
Sub Total
131,847,967
30.22%
Source QPP website
So Fidelity have sold 20 million shares so far !
larboulois
Hammer69, Loling@QPP (anyone else please) – is that verifiable apart from having access to the share register?
winsome147
Interesting that the transfer of shares to First Equity was kept just below the 3% level so that First Equity did not have declare their interest in QPP. That’s why directors didn’t transfer more. It RT has to transfer more via margin call then surely FE will have to announce they have crossed the 3% treshold.
hammer69
Larboulois,
Is what verifiable? The notification forms are required (by law) to be sent to the FCA and the Company (for announcement).
Winsome,
EFH will ensure that their net position is always < 3%. Therefore no-one (maybe even the Company if they spread their stock around?) will ever know they’re selling.
H69
J P Spaghetti
Loling – I don’t think Fidelity’s holding ever actually exceeded 10% (I think their 41.? M holding was bang on it) and if so they wouldn’t have been required to inform the market that they were offloading (until their holding had dropped to below 5%). At least I think that’s the case. Anyway, these thresholds seem so arbitrary.