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""The Moroccan group could potentially require 2–5kbpd of fuel, depending on how many of the group’s sites deploy MSR/bioMSAR. The requirement could be substantially higher if Quadrise’s fuel is used extensively across the group’s sites."
Thanks haggis for that quote. What I fail to understand is that these two sentences seem to directly contradict each other.
Also, while you are right that the November 2022 note made these statements, Edison's note in November 2021 doesn't have the "substsantially higher" part at all - it just says "Assuming that the trials complete successfully, management intends to conclude a commercial supply agreement covering one or more of the client’s sites in Morocco around during in Q2 CY22, potentially leading to commercial deliveries equivalent to 2–5kbpd from H2 CY22 onwards."
Can anyone explain please? Thanks
If you look at the prices on this page it shows:
Share Price:
1.525
Bid:
1.45
Ask:
1.60
So this site also has "the price" as the MID.
If the MID didn't exist, then you end up with two prices, on price you can buy at and one price you can sell at. Something can't have two prices, it has to have one price, and that is why the MID exists as the price.
Sorry you don't get it. The price is the MID price, always has been. The spread is the difference that MM's put either side of the price so they make a profit. What you pay is not the price, it's the price plus MM commission. When you sell you get the price minus the MM commission.
"'The price' is the MID price, always has been in the stock market, ever since it was born."
Seems sensible.
"The chart shows a breakout to the upside of the triangle, the chart uses the mid price, as charts have always done."
But then you go and do this. No. The price is the most recent price paid by a real person. Should be obvious to all except chartists and meth heads. But one of those is clearly a redundancy.
Most days QFI's mid price is stationary, can be the mid, below the the bid or above the Ask..
The broker updates it going out the door...
https://www.ft.com/__origami/service/image/v2/images/raw/http%3A%2F%2Fcom.ft.imagepublish.upp-prod-eu.s3.amazonaws.com%2Ff5b915f4-5631-11e5-9846-de406ccb37f2?fit=scale-down&source=next&width=700
'The price' is the MID price, always has been in the stock market, ever since it was born.
Advertised BID and ASK are never the price you get when you buy or sell, as these are just the average across advertised prices from MM's. Buy from on MM and you'll pay more, buy from another MM and you'll pay less, buy from SETS and you'll get what the seller will take, all different, and the same principle for sells.
The chart shows a breakout to the upside of the triangle, the chart uses the mid price, as charts have always done.
"Love this debate. All over 0.04p"
Nope. All over what the share price, any share price, actually is.
AKHM - Depends how many shares you have - it’s a £400 swing on 1m
Love this debate. All over 0.04p. Not sure thats a massively significant amount. Next week could see the big rise hopefully
Yes, however we never know precisely what we can buy or sell for until we actually do so. This can also vary with amount. The best price for any asset is the last actual trade that happened. And as with anything, there's an exception: if that trade was for a particularly small amount, it may not really count as price discovery. Then go back and look at the last trade that occured for whatever you consider to be a legitimate volume, maybe £1000.
Such a varying spread on this one, and price throughout the day, I just watch what I can sell for, its been creeping up this week,
“No chartist is ever going to look at the last trade, they will only look at the closing price.”
Said the Chartist, trader.
BTW, 1.48 was the last trade and it was a sell. The last buy was a tiny one at 1.59 and the bigger buy before it at 1.58. So the mid at 1.525 is about right and could actually be 1.53 if centered between 1.48 and 1.58.
Nutter,
That's fine for traders but impossible for charting, which uses the MID and will only see the MID on charts on financial websites.
SR,
It's not nonsense at all. The closing price is the MID price AFTER the MM's have readjusted their advertised prices based on the days trading and current order book. If the spread was wide for some reason, or swung towards BID or ASK, or there's some nice orders on the books, the MM's adjust it at the close and the MID moves to the closing price. Charts work off the closing price, so stating what the last trade was done at is nonsensical as far as charting goes. No chartist is ever going to look at the last trade, they will only look at the closing price.
I focus on the quoted bid price. That is the minimum you will get if you sell. The actual sale price may be higher, depending on what broker/app you use. All other quoted prices are noise, which could be the latest trade price or mid price. Just focus on the bid - imho.
Forget that nonsense, look at the last actual trade of the day
https://www.londonstockexchange.com/stock/QFI/quadrise-fuels-international-plc/company-page
Closing price today is 1.525p?
Defo with you there OneAussie.
It went from 1.46p to 1.48p over the week.
"Seminars and green rhetoric."
Vince,
you're spot on, just like COVID, the Ukraine mess, etc., some shady characters (in power) are manipulating the green rhetoric to their own benefit.
a.
SR,
Actually, looking at the short term chart, it has. See chart link below.
The blue line is upward pressure, the red line is downward pressure, creating a triangle. It is always important which way the price exits the triangle. Upwards is bullish, downwards is bearish. This week the price exited the triangle upwards, which is due to upward pressure pushing it there.
https://ibb.co/r2691p5
Britishbulls also gave a buy signal yesterday. The triangle breakout further emphasises their signal from yesterday.
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=QFI.L
Yes it has actually gets your facts right, have a great weekend everyone, let's hope the interims give us further positive progress
"The week has ended on a very small bit of upward SP pressure"
No it hasn't. Have a great weekend everyone!