the official closing price from the London stock exchange was 0.72p I find this site seems to be a direct feed from the lse so duplicates their figure, so this site is accurate.
The closing price is determined by a sequence of events (from memory so maybe slightly out but gives an idea)
firstly the auction, orders are matched in the auction and the UT becomes the closing price, if the UT would be outside the monitoring price (I think 10% of the 10min pre-close vwap) then there is a price monitoring extension extension. If there is no change in the extension and the volume is below half NMS then the 10 min vwap before close becomes the closing price. If there were no trades in the 10 mins before the close then the last AT trade becomes the closing price. If there was no AT trade in a certain period before the close, or it is a certain distance from the mid then the mid price becomes the closing price.
There are very particular rules about this that can be found on the lse website
since block vote threw RRL into chaos. All we know is we have lost 5 from Board (one retired, one still working for RRS and CEO). And we have gained two NEDs from China - one founder of Huanshan, one works for him.
And we have an announcement scribbled out in poor English that everything is bad about Range and they want to make it better. No-one knows who it was written by.
I am not happy at all. Abrahams are treating Range like a pantomime so far, and we seem to be sitting in the stalls while they seem to have forgotten all their lines. Landau and David and Timis and petebo are behind you, Mr Chen.
The offifcial closing price is often a bit of a lottery, particularly as different providers can seemingly report different numbers. So a lack of consistency can arise from one day to the next and the reported sp can be well out of kilter with the trade action, as has been highlighted with last night's close. We've all commented that it's manipulated down when a low close comes out, but those suggestions were strangely absent last night... human nature I suppose. I just refer to the closing bid in my own record keeping, so yesterdat was 0.67, down 0.01p. Make of that what you will but at least I'm pointing at a consistent place each time unless the spread is unrealistic - as it arguably was on Monday after only brief trading and closing in auction I think?
People who haven't been in this game too long don't realise lenigas had a reputation similar to landaus. A serial diluter with a string of under performing resource stocks behind him whilst enriching himself.
Careful what you wish for, he's a ramper and distributor of shares. He's on a roll at the moment but so was landau a few years ago
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