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I don't get it, either. As for potential: I bought this for just under £2, after it has slid from a far higher price owing to "losing a big customer".In the company's last report they said they were working on getting more customers and closer to securing deals. The price has continued to fall since then. Very, very annoying.
Sadly, this now has become a share for day trading within a narrow trading range pending a significant trading update from the company, when some confidence may be restored. From my perspective, it has become a long-term hold. I see no point in averaging down, even at the current low price, as it may trade within this range, or lower, for a considerable time.
This must have occurred today, as I monitored the Share Price on the FTSE-250 index yesterday. I was reasonably confident about this company until the last trading update. Now I am less certain as the share price has received a significant hammering since then. The final nail came from Berenberg; significantly their similar valuation had a similar effect on the Spire Healthcare share price. I see no recourse but to hold indefinitely, in the hope that the apparently incompetent board can effect some contract wins leading to increased revenues here. The CEO’s previous comments were misplaced; however hard he and others within the company are working, they are not delivering at the moment. Let’s hope for an improvement over the next few reporting cycles - it may take a considerable time. Meanwhile, without a dividend to look forward to, there is no recourse but to hold pending an improvement in this company’s performance. GLA
There has been something of a sell off for two shares in my portfolio today - one being Alfa Financial Software Holdings, and the other Spire Healthcare, who issued their half-yer results this morning. Both issued earlier profit warnings, resulting in a severe decline in their share price. In both cases, when the results were formally reported, there was a further decline in the share price to a year low, although the information that was formally communicated was declared prior to the statement being issued. In both cases, the share price was punished on two subsequent occasions, pushing it into oversold territory. A further coincidence lies in the fact that following the initial statement, both companies were given a draconian review and a very low valuation by Berenberg bank. I find all this a little difficult to take on board. It would appear that in both cases some (perhaps frightened) private investors sold off appreciable share holdings in both companies at near year low prices, and at prices well below the NAV for either company.
There was a lot more to those 'Director Sells' than readily met the eye. I'd meant to fully research it but got sidelined, as one does on the net. It was something that had been presaged in the IPO. I must remember to look again at that. They weren't conventional sells.
Thanks. It seems that we were at cross-purposes. I thought that you were alluding to 'bot' activity rather than, as it were, a transaction that had been broken down for the reasons given in that explanation which seems to make perfect sense to me.
I'd often thought about how one would go about selling a large volume/value of shares and that seems to bear out my suspicion that it is best done piecemeal. I assume that one of the benefits will be that one will get a slightly higher price for the elements instead of the whole. Of course, it's always possible, as the article explains, that the trader/broker broke a large parcel down into bite-size pieces.
Anyway, we've retraced a tad today but I'm still seeing £2 on the near horizon. GL.
Thanks goodflyingduck. I found this definition, which seems to fit the sequence that I observed earlier today - except that my observed sequence were 19 consecutive sells in far too short a time for the trades to be executed manually. Although a large order is mentioned, there is no indication of the sums involved, so that you may be correct.
Algorithmic trading is a method of executing a large order (too large to fill all at once) using automated pre-programmed trading instructions accounting for variables such as time, price, and volume to send small slices of the order (child orders) out to the market over time. They were developed so that traders do not need to constantly watch a stock and repeatedly send those slices out manually. Popular "algos" include Percentage of Volume, Pegged, VWAP, TWAP, Implementation Shortfall, Target Close. In the twenty-first century, algorithmic trading has been gaining traction with both retails and institutional traders. Algorithmic trading is not an attempt to make a trading profit. It is simply a way to minimize the cost, market impact and risk in execution of an order. It is widely used by investment banks, pension funds, mutual funds, and hedge funds because these institutional traders need to execute large orders in markets that cannot support all of the size at once.
Lol. Looking for some cheap shares? You'd better get in quick, IMHO. The only way seems to be up at the moment, defying gravity and knocking not just the downrating by Berens but also the notion that there has to be a steady flow of news - and, more especially, contract wins - for the SP to recover. It never 'deserved' to be so drastically cut. £2 looms ahead.