Noiseboy wrote:994p now, Must have bought something!
Well, that is the idea isn't it?? Did you expect Terry Smith to try and time the market? They made the schedule for deploying funds blatantly clear in an RNS:
...As a result of the increase in the target number of Ordinary Shares to be issued under the Initial Issue, the Company's Investment Manager, Fundsmith LLP has confirmed that the expected time for deployment of the Issue Proceeds has been extended. Assuming that Issue Proceeds of £600 million are received, the Investment Manager now expects to be able to deploy 92 per cent. of the Issue Proceeds within 7 business days (with the balance being fully invested within 22 business days of Admission).
The IPO proceeds ended up even higher in the end, but I'd still expect 92% of £600m to be invested in 7 days at least. I look forward to the daily update on the NAV. I'm really jealous you guys have so much time on your hands
All the best, SI