Not seen this AIM factsheet report before! http://www.londonstockexchange.com/statistics/historic/aim/jun-14.pdf Market value rather than SP seems to be favoured for Aim statistics, obviously interrelated with outstanding shares ! AIM June 2014 report , Summit Corp currently fit into the “ 25-50 million value range “ ! Only 1.9 % of AIM listed company’s trade over £500 million market cap . (Page 12 ) Did think previously the higher the market cap would mean more Market Makers coverage, but not so sure now , some companies with lower market caps have more MM’s & vice versa some companies with much higher market values have fewer than SUMM X 9 MM’s listed ! (CFEP,LIBC,OREL,PEEL,PMUR,SCAP,SING,WINS,XCAP ) Maybe just be a few MM’S actually dictate/influence the SUMM Trading book ? Premium members might know better ! However , 50 -100- 250- 500 million market cap value thresholds , might be important triggers help attract wider , additional institutional investor coverage . Interesting only 12 companies on AIM + £800 million , no reason why Summit can’t also eventually make it into that club - when will that be is the 64,000 dollar question ? US investors might be less risk averse , but although SRPT, RNA, PTCT share prices depressed at the moment their market values still considerably higher . Irrespective of what stock exchanges , as of today , something extra special needed from the company to shift market sentiment , yes last August/September happier times for SUMM SP, so fingers crossed same again please ! Good luck everyone .
RE: No buying
Red flag? I think you'll find the Finnish flag is a blue cross on a white background, kusipää!
Is there no one buying at summit today or will it Finnish with the same old red flag
This time last year we had a major price hike and today we are in a much stronger position. I am keeping the faith and believe that this gem of a company will realise its potential and have products to attack 2 major illness/ diseases. Come on let's head for the summit!
RE: MM s
TillyFloss kindly suggesting a piece by BLOWSTER on the WSG thread yesterday who explains some of the MM workings. So I hope he doesn't mind but some newbies here may be interested in a couple of extracts ............................................. "There is no need to ask: "why is the SP here, more buys than sells etc? ................................................. 1. The market makers do not necessarily balance their books between 8am - 4:30pm (trading hours), they may balance it over 1.5 days, or 2 days, or 3 days or whatever. So if for example there were more sells than buys but the SP stayed flat, then it is likely the mm's were short of stock so were balancing their books by accumulating the sells without ticking it down. In todays case, the SP ticked down, but maybe they had excess shares from yesterday that they needed to clear. We don't know, but we have to understand its not as simple as day by day, they don't operate within the same timescales that we do........................... 2. In the case of WSG at the moment there have been, and i believe still are a few background sells orders being worked. A few of the mm's on the ASK today were clearly selling shares on behalf of a seller, and had stock to give away, hence the ASK always looked quite loaded .................. I will add that it is all irrelevant in the grand scheme of things (AMM Edit: I assume Blowster means "in the long term")
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