Someone has bought the shares which have been sold, and sales have considerably exceeded buys recently, yet in contravention of the laws of gravity, the SP has continued to rise. Does this accumulation of shares by the buyers of those who have sold indicate preparation of a large sale to an institution gathering strength? And might that institution be Vodafone? Is this speculation at the edge of plausibility or over it?
A general question=for every sale there must be a buyer, in which case buys and sells should remain in equilibrium. I assume that non- record buys are buys by MMs.
I think you are right on that one. As the buy and sell ratio is now very close. Every time I have put a dummy sell through I am being offered a very good price. I have a feeling that something is going on here with all those negative plants that were put around everywhere then wham in comes Vodafone deal with not too much information about it. The sp has been steadily climbing ever since. I also have the feeling that the rise in sp is being perfectly controlled at a modest level each day to promote the sellers. Clever tactics going on here. Can but watch and wait.
Every day there are more sells than buys ,yet every day the share price goes up. Why would the market makers be prepared to buy this share at an ever increasing price when currently there are more sellers than buyers? They are accumulating a huge share holding and as they are in it for the money,they must intend. And indeed expect to sell them at a higher price. So,their expectation is that the sp will continue to climb . Why? Because the company is worth a lot more than is reflected in the current share price.
The way this is moving up someone has worked out a valuation based on the latest multi million contracts. 1 Billion for this business now sounds reasonable. On that basis I calculate the sp should be somewhere in the region of £9.50. Therefore short term we could see the £5.00 broker target reached easily. Once we have the further Sats up and with them filled then we could move on to the £20 plus targets spoke of a couple of years back. Those over on QPP were asking a couple of weeks back what the next QPP was well I think this is it. Another company heading for the main listing plus a lot cheaper at the moment.
Goodlaunch, Yet another good point. I was thinking much along the same lines, hence my previous posts. We have since moved up to the next resistance point of 281p which looks as though we will pass today.
on the value of the Vodafone deal. People must have calculated the breadth of Vodafone's world coverage , and the likely need for boosting reception in the many remote areas in that coverage, and realised that the figures hearer could be vast. They must have also guessed that other service providers have a similar need. So they want to accumulate this share before the figures are published and the SP really does reocket.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.