In some instances there is no bid been offered and in other instances no shares are available. Of the 600 million free float out there the following is also off trade. Legal & General Investment Management Ltd. as of 31 Oct 2011 59.92m 4.07% TD Direct Investing (Europe) Ltd. as of 03 Oct 2012 49.46m 2.54% Barclays Wealth Managers (France) SA as of 03 Oct 2012 41.76m 2.10% Talos Securities Ltd. as of 03 Oct 2012 41.59m 2.05% BlackRock Investment Management (UK) Ltd. as of 03 Oct 2012 31.86m 1.64% Deutsche Bank AG (Prime Brokerage) as of 03 Oct 2012 31.06m 1.56% Hargreaves Lansdown Asset Management Ltd. as of 03 Oct 2012 25.48m 1.28% HSBC Global Asset Management (UK) Ltd. as of 03 Oct 2012 20.19m 1.07% Barclays Bank Plc (Private Banking) as of 03 Oct 2012 18.52m 0.90% State Street Global Advisors Ltd. as of 03 Oct 2012 8.48m 0.43% That's about another 17% of free float and there are some very big PIs in here also... So this has become a very tight market......MMs are screwed!!
Hello Del , I agree , however , the ask price , now needs to respond to achieve a resonable spread , this from what I see ( about 20-25 minutes behind ) is not happening , I wonder what the size of the order book is that the MM's have to fill at this moment .
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