Wizz Air - another share sale/placing from Indigo/Bill Franke on the way?...
Last week, Tony Pidgley and a bunch of other Berkeley Group directors sold £45 million worth of shares in the London-focused housebuilder. And yesterday, Redrow founder Steve Morgan slotted 25.9 million shares or 7pc of the company to raise £153 million.
Who can blame them as markets/ equities prices are once again flirting with all time highs.
So, now the types who keep on eye on big shares sales are speculating about the next set of disposals by directors, founders and private equity backers of some London's largest listed companies.
Fingers are currently pointing at Wizz Air, the low-cost airline that floated on the London market in 2015, and its private equity backer Indigo Partners, which is controlled by veteran airline investor Bill Franke.
Indigo dumped 18.7pc of Wizz Air onto the market in June. However, the firm still has a sizeable holding but the so-called "lock up" period restricting a share sale expires today.....