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MT has made 6 further purchases since my report in October'23, at the start of this thread, Pandy2.
MT has now purchased 316,167 shares since the consolidation, stumping up £1,261,616. He has reduced his average to 399p and has sold NO shares.
Ps As stated, his purchases since consolidation started at a time when revenues were forecast to be around $20mln. This year the forecast is nearer $80mln.
I wonder what his average is, as he’s been buying off a long time.
Good to see Michael Tobin upping his skin in the game very encouraging to see
CEO purchased £11,500/- worth shares this month alone which is a big sum for a lot of investors and I can see he was buying shares constantly so long term he will have a fantastic average IMO. I'm not a holder but I think private investors would be happy with the CEO buying shares in the open market and aligning his interests with the shareholders which is something rare on AIM this days if I'm being honest.
GL
Generally small purchases, read into that what u like, but I'd rather c larger purchases.
Dow and tech down in U.S. yesterday. we were an early indicator. now where is my steady rise?
So obvious that there is a coordinated ring buying and selling within a 250- 320 range. Must be exciting for them to feel the power. Basically not clever at all. They believe they are hotshot traders. Call me old fashioned but I like to invest and see a company grow over the past 10 years into a substantial global business. I haven’t seen a decent return yet but there will be a good end to this. It’s pretty much to the day that Audioboom came to the AIM market in 2014. Maybe should have stayed private a bit longer to show some initial growth rather than as a start up. As usual it was hammered within a year. The current management has taken 4 years to produce a sound footing which was the basis of the current stature of the business at 4th ranked in USA. What an achievement.
With 16m, shares in circulation [low] and a very strong order book its cheaper then whats in the market in terms of media related companies, good case for a takeover if there is synergy in terms of advertising and podcasts, after all communications and influencing through media and podcasts is powerful and important is my view.
Shorts buying back
Either the CEO is dead stupid or the company is the screaming bargain in AIM at the moment. He keeps buying in the open market while other CEOs taking salaries but running miles away from their own company. Really interesting 🤔
Exactly bearhuntr3
Imagine what you can do if you had certain market makers on your payroll
For anyone who doesn't know how it works, this is the best explanation I've seen.
https://www.proactiveinvestors.co.uk/companies/news/81/idiots-guide-to-the-london-stock-exchanges-setsmm-0379.html
Oh dear ...
Of course liquidity is an issue with any stock, AIM or otherwise.
""So where do the extra shares come from otherwise?"
Er.... stock? This is a stock market?"
There are finite number of shares in issue ... you cannot magic some from thin air (unless comany issues more).
MM does not hold huge amounts typically.
I am going stop now ... Little point carrying on.
Worries me that this board is so incestuous.
Anything against the flow gets shot down and crticised ... that's not how were learn.
Bottom line is results were OK, not great. Many sold on news, new buyers got in at lower price.
We are down 20% in a week. Should the SP be higher? in my view yes.
""e.g. If I tried to buy in a strong market and there is no stock the MM will increase the price until someone is willing to sell.""
No, sorry, that wasn't what I said. It is not the case, as I said "you have over-simplified.". You take no account of market size or "stock", which fluctuates causing the change in prices.
"So where do the extra shares come from otherwise?"
Er.... stock? This is a stock market?
""e.g. If I tried to buy in a strong market and there is no stock the MM will increase the price until someone is willing to sell.""
Precisely what I said.
The MM are CONTRACTED to provide the service within market size. If you are trading in market size, which is specified for each company you must get a deal.
AIM is not a matched market.
Crossed trades can only happen if the MM is holding stock or goes naked ... as I explained.
So where do the extra shares come from otherwise?
The price goes up becuase the price at which people are willing to sell or buy changes.
e.g. If I tried to buy in a strong market and there is no stock the MM will increase the price until someone is willing to sell.
Vice versa for selling.
It is very simple and needs not to be more complicated than it is
"Number of Buys must equal number of sells on average, even if the MM is holding lots or goes naked for a period."
Over simplification. Crossed trades cover uneven movement.
If they were all equal the price would never change. There would be no demand or no over-supply, precisely the things that cause price fluctuation.
If there more buying pressure the price would go up, ignoring very short term activity by MMs to make the market, it's their job. No conspiracy. They may hold prices based on orders and try and get people the best price they can, again, doing their job.
Number of Buys must equal number of sells on average, even if the MM is holding lots or goes naked for a period.
So the ... "Lots more buys than sells ..." etc. is nonsense, many transactions misreported.
The only thing that matters is the SP when you buy and when you sell, and how you react to the reported SP in the meantime.
Buys 67k, 50k, 20k, 15k, 12k, 10k’s if there isn’t a buyer, where did all these trades go, enlighten us Zak?
Lmao hahahaha lying king Zak is upset. Master trader from Monaco hahaha
Massive buyer in the mkt. stock down -20% in 3 days "Can't wait for the TR1" u w**ker. U really know nothing
Off topic - I heard that AAA have wriggled out of holding an EGM. Possibly a shareholder action plan is needed whilst they pick the meat from the rotten carcass.
Lmao hahaha. I see they are still giving you nightmares.
There are always two sides to the coin. Sounds like you are on the side of the crooks cads and liars
https://www.eliotluther.com/post/requisitioning-an-extraordinary-general-meeting-of-all-active-asset-capital-limited
Everyone is blind aren’t they Zak, we do not see all the buys going through. Market makers are not corrupt and there is no manipulation. Companies are leaving LSE by the day because they all believe in conspiracy theories like the rest us lmao hahaha. You are so desperate it is unreal.