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It’s very clear to me that it was a rollover- Dane entity that was buying and selling the same shares. I know because I’m ( indirectly) involved.
This is not something fir the ordinary retail investor to find, but en bloc by a broker for his clients. It is a fallout from the fundraise.
I think you may see this plenty if this right up to year end when the SP finally arrives something like 10 p
Good luck all, and as I keep saying, only only play with every penny you can afford to lose
Oiler pleased to see that we think alike. I’m in the finance business but have after a few losses learned over the last 20 years of what to look for especially in oil companies. First investment was Tangier Petroleum a low CoS drill off Morocco .... duster and lost 85% of what I put in and learned that investing in a drill with 15% CoS does not add up. Out of curiosity what do you do in the oil industry if I may ask, as different skills on these boards are always very welcome.
Good info and all valid points, thanks Oiler.
If this hits 10p I'm going to be retiring early at 53! 20p even better!
Fingers crossed :-)
thanks SI
I most certainly do have a process which is diligently applied and adhered to!!!
Lowboy (and SEA), I have been investing serious money for 15 years and the reality is that we all have our strategy, risk profile and views. Over these years I achieved a very healthy return and when I look back I have on average lost money on small short term trades, where I followed others without true research for fear of missing out when an RNS comes out etc, and made very large returns on well researched medium long term investments. It might sound simple but one of the key messages is buy low and sell high, bearing in mind that you will never get the bottom nor the peak . Take ADV as an example, I have built up a position over the last 16 months and I'm still adding at current levels as we have not moved a lot, but the first exceptional deal has taken place (this is mainly due to the churn after such large raise necessary for the first deal). Large gains for me always unfold in 2-3 years, rarely in 2-3 months, and therefore patience is key, but will reward you if you stick to your process.
OK thanks SEA7.
I've been trading shares for about 10 years now, but still a newbie on how the mechanics works, so appreciate the info.
unlikely lowboy - it has all the hallmarks of a rollover trade and 32m shares is over 3% - so a TR1 should be submitted by a buyer in that case, which we haven't seen.
SEA7 - Is it not possible the a private investor bought 2x £389k to get a lower price than one big buy at £778k?
To be honest, thats what I do when I accumulate shares and build a position. Although not at these large amounts. There is always a discount for smaller share purchases.
All good stuff jezzac
i have made good money holding long term as well as short term. There are some that i have held for a few days or weeks, that would have netted a loss if held long term and others I have held for years.
the strategy i employ varies depending on the instrument and how it performs relative to its place in the market.
@SEA7 You can have a big buying day in an Oil company but if the Oil sector as a whole is down it could drag your little AIM company down with it.
I would say a lot of AIM companies have very little to offer the short term trader but if you know the game you can make a few quid. But ive made more money on a buy n hold strategy than get rich(poor) quick strategies..
lowboy - the amount of shares is around 1.5% of the company, so below reporting threshold of 3% - This could easily be a bucket shop that took 16m shares in the placing, expecting to flip them in the short run and that hasn't worked out for them yet.
what it does tell you though, is that someone has taken out a position that they either do not have the cash for or do not wish to pay out for and there will be 16m shares due to find there way back into the market at some point.
A news based price rise to 2.5p or more on the bid, will see a high volume day and you can be assured that whoever has the 16m shares on a T20 (if that is how they are held) will feed it into the market at 500k to 1m clips, on that day.
A move to 2.5p on the bid, is nearly a 10% rise and on a position of £389k - that is a nice £38.9k profit once sold.
very true jezzac, however, the market is sentiment driven in the short run and a momentum trader needs to know the volumes, trade ranges and RSI as a starting point - they care very little about the underlying fundamental value of the instrument they trade.
Traders waste too much time on the Buy v Sells, its not a scoreboard.
100 buys to 10 sells will not always change the SP there are plenty of other factors to add in for true value of a company.
SI - i always buy all my shares on T2, which was T3 up until recently. I do not use leverage and pay 100% of the purchase price up front. This allows me to hold indefinitely and at no additional charges.
In my view Lowboy the very large trade could also be an institutional investor selling and another one buying at a small spread 2.299-2.3p, note that we have a few institutional holders post latest large 2.6p raise as per significant shareholder list https://www.advanceplc.com/investor-relations/aim-rule-26-compliance/
SEA7 and SI, thanks for trying to explain.
So has any individual or institution actually bought all those shares?
T20. Lowboy I personally just buy shares I like in a standard fashion, and done so for 25+ years, as a medium/long term investment, rather than a short term trade. Out of curiosity had a look at the T20 concept mentioned by SEA7 and noticed that it costs could be up to 4.5% for 20 days and therefore definitively not for me and definitively a loss making strategy if the trade doesn't make a decent gain above costs short term. See for info http://www.cfdsurvivalguide.com/cfds/trading-aim-shares
Lol
Nope I meant another £5k :)
Lowboy - look at the trade times - both trades are for the exact same amount of shares, within a few seconds of each other and the price is usually a fraction of a penny difference - most of these are T20 roll overs.. in other words buy stock, with a view to paying in twenty days, if the trade hasn't worked out, ask the broker to sell the stock and immediately open a new position, payable in 20 days - you invariably only have to pay a small amount to cover the difference.
I'm excited about this share as anyone, but we need the permit to drill before this really takes off... patience required for now.
Loz, did you really mean £5?
I added another £5 to my holding today.
Average is under 2.4 and will continue to add.
Juat waited for another stock to sell up soon and will double my holding here *fingers crossed*
At a guess SP didnt move and the guys with L2 wouldve spotted the trades..
So how do you know those large trades are roll overs?
Some trades have expiry dates, you can either expire them and take your profit/loss or Roll them over to a new expiry date.
I use rollovers in options trading but you can use them in FX etc etc..
Eh,....whats a roll over? :-)