mms yes law unto themselves but this site increasingly doesn't show the mid price and as we closed on 7.16 yesterday (Actually around 7.5 cant remember exact) we are now up 16% but we aren't. I just want accuracy. In their defence it seems to match IG Markets spread also
Scrap that. Following the equity swap, Lanstead had 70.4million shares and from the holdings RNS yesterday they have only increased by 300k or so. So all those 100ks can't be Lansteads unless they were trading the majority.
I'll give you a clue, we had an RNS yesterday at 4pm. Lanstead have increased holding to 25%. Effectively bought over 6million more shares since the equity swap agreement. They had 64million now have over 70million!
I find it very annoying. Two trades today Sell 7.16 & Buy 7.61. That's a spread of 0.4 not 0.9.
The MM's do this to encourage movement and to get stock to fill orders. They don't give a stuff which direction share prices move they make money in either direction. their profit comes from the spread, what it the olden days when I started trading was known as 'the jobbers turn'
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