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I have freed up another £6,000 this evening in the hope of a precipitous fall tomorrow morning, I’m sure this will move soon and am keen to add to my holding before the big moves. Hoping to get to 13,000 shares then sit back and wait.
Thanks Chuz, for reply earlier
I was thinking your view when I saw your call which was close to spot on, was such a discount with lack of lock in. Sold 2/3 had to leave a 1/3 in as FOMO if wrong & it zoomed to $25+
Have some funds available now to hopefully end up with more shares than I did this morning.
Ty
@chez
"I was also thinking..
Any drop that happens before nasdaq opening will lesson any drop on nasdaq as the profitability on flipping becomes less then less will flip"
Great point... hopefully us LTH can benifit from the drop and eat into their 40% quick flip gains
Fair play the-Chuz if you still got your skin in the game. Good luck with your plan.
GLA
MM80 ARB-£5
@hawkesbay
"the_chuz - looks like you could be on the money
1.535 to buy now"
Btc is dropping a little bit too which will probably have a psychological effect.
I was also thinking..
Any drop that happens before nasdaq opening will lesson any drop on nasdaq as the profitability on flipping becomes less then less will flip.
So it dropping now isn't all bad as it will make it less attractive to sell immediately.
All swings and roundabouts the outcome at close of play today will be the same regardless.
@Hexam,
"Chuz - I think the lock in only applies to company ‘insiders’ i.e. directors etc. which seems reasonable."
Ahh that would make sense
Chuz - I think the lock in only applies to company ‘insiders’ i.e. directors etc. which seems reasonable.
@flushfrank
"is their a lock in on the IPO shares or can they sell straight away?"
Theres a lock in only on around 5 million, the other 70 million (7million adr can be flipped immediately)
As I've written that somethings not stacking up to me.. Why are 5 million locked in and 70 million not locked if both ar eat 1.10, you just wouldn't agree to the 5 mil lockin
Over 90% can be sold straightaway
is their a lock in on the IPO shares or can they sell straight away?
@Moneyman
"Good luck with your theory the_Chuz.
I would not want to be out when this goes live today on the Nasdaq.
We could have some good gains sharply or maybe I'm wrong and drop slightly I would definitely not want to be sitting on the sidelines on such a big day."
Yea it could go either way for sure, it's why I've oy sold a third. That way if it goes to the moon I've still got a good chunk.
All said and done, either way, no matter what happens today in a few weeks times we will be higher for sure with the new flow.
Good luck with your theory the_Chuz.
I would not want to be out when this goes live today on the Nasdaq.
We could have some good gains sharply or maybe I'm wrong and drop slightly I would definitely not want to be sitting on the sidelines on such a big day.
GLA
MM80 ARB-£5
@Hawkesbay
"Hard to call. Chuz could be right in that there could be profit taking at the start which would drop the sp but to what level and if so would provide an opportunity however it may see huge demand as well in that huge market called Nasdaq and instead cause the sp to move towards 1.70/1.80. Tough one."
It is a real conundrum, is a yone else sat with a scru ch up face thinking bahhh I don't know what to do for the best? Haha.
Ironically the most sensible thing to do is just to hold and look again next week where I'm sure it will be higher, that way there's no stress or drama.
The only reason I've sold some is so I can buy back in cheaper and have more which is really just greed. So for all my 'logic' I'm making the call based on an emotional response.. Greed and we all know we are supposed to take emotion out of investment decision... So now logically I should of just held because I might not be able to buy back in on a dip it might shoot away.
Hahaha basically damned if you do, damned if you don't., someone take my phone off me before I dissappear up my own a*** hahaha
Great thank you hexam
So If there is a massive demand then there could be nearly all of it trading today!
Gl what ever peoples plans are
Of course minus the 5 million shares for directors which will be locked up.
I was cursing myself for selling out at £1.56 earlier in the week but I'm back in at £1.48 this morning. Rather be lucky than good, I guess. But I'm only 50% back in, in the hope that the rest can get in cheaper in some early volatility - and I'm prepared to buy ARBK rather than ARB if there's any temporary arbitrage opportunity.
Now we'll see it just go straight upwards no doubt!
All 7.5 million ADS shares will be available, however, funds and I.I.'s have the first opportunity to buy before it goes live for retail buyers so I expect demand to be high and oversubscribed.
Flower - that’s what they ‘expect’ on the RNS. Some are locked in but only 5m or so out of 75m (or more accurately 0.5m out of 7.5m).
Thats mys thinking too chez
@ Lolades can you just confirm that some of the 75mil will on the market today pls , all the way through to possibly 27 th, ipo close date?
You and me both Chuz :)
"The $15 shares will be gone in a flash!"
Right I've had to apply some logical thought as I get too overexcited counting my millions before I have them.
This mornings drop and rebound was based on the reaction to the 1.10 price and then people seeing value at a lower price eans buying back in. No shares have currently been issued. Nobody was able to flip a profit from the IPO by quickly selling shares and banking the difference.
Today when nasdaq opens the shares are actually issued, a significant proportion are allowed to be traded straight away, there is an easy 45% profit to be made by the IPO investors selling immediately.
There needs to be enough of a sponge to absorb that selling/flipping. It is differnt to this morning because no 1.10 shares were able to be sold.
Yep, I've done it again, I've sold a third at 157 in anticipation of a drop off at 2:30 so I can buy back in.
That's my logic and you can all have a chuckle if it kicks me in the nutz and does a moonshot ha.
Funds will take the majority of them before retail even get a chance. Mike had an update a while back with funds waiting for the IPO. Plenty of demand waiting! :-)
The $15 shares will be gone in a flash!
If this is the appetite in the UK, I wonder what it will be like in the US.
I want to sell some to cover my butt abit but at the moment I don't dare incase the US take the green batton we hand them and run with it
Unbelievably good. Might have to sell some at these price :)