Seems strange that as the underlying market is improving, supply is tightening, their output is increasing, the sp is pushed down. The trading patterns don't suggest simple dynamics, you can't actually buy the shares in large quantity and on one day you couldn't buy any buying.
I don't know the reason, although one could be that the MM(s) are short the stock so there is an element of risk management. I also think if there are more than one MM competing, especially if one is short the stock… Read More
The global transformer oil market is a specific market within the broader oil market. It is projected to grow from US$1.98 billion in 2015 to US$2.79 billion by 2020 at a compound annual growth rate (CAGR) of 7.14%. Indeed, other research has projected that this may reach as high as US$3.4 billion by 2020. In terms of volume, the global transformer oil market was estimated at 1.4 billion litres in 2014 and is projected to rise to 1.8 billion litres in 2018.
With the frustrations coming from the odd price action, I reached out to the company to see if they had any thoughts on the matter. I don't think they will mind me saying so but I got a response as like in the past, they take the concerns of their private investors very seriously. Very much to their credit they actually requested their Nomad (Nominated Adviser) to look into the issue. Nothing was flagged up as a consequence.
Well as a purely technical term, markets are all being manipulated by one means or another but no I'm not saying they are being manipulated in an illegal way. It's within their remit when creating volume/risk etc a bit like spread betters have, if you read their T&C*. The MMs supply the market with liquidity but they also act in their interest (not the pi) and set prices accordingly. This will be around what they know of the market, what might be coming up and obviously… Read More
If Nastid and others are suggesting that the market is being manipulated then this is a very serious allegation which should be pursued through formal channels. Anyone on this forum who believes this to be the case and who may have firm evidence to support this claim should say so so that it can be collected centrally for submission. As shareholders we are much more powerful if we act collectively.
And to add to this, the underlying market is much improved, supply and demand is stabilising with stronger interest from buyers, especially as they see crude prices recovering.
So my only real concern right now, is that the share price is being managed to a point where the private investor stands to lose but if taken privately, is picked up cheaply and then benefits from the recovery.
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