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Cyber... you're a bit late to the table re t20s' i already explained all of this early this morning ...
A rollover is when someone has bought shares (600k in this case) without paying for them, on what's called an 'extended' or 'T+20' trade. After 20 sessions (actually 18, due to settlement) they have to either find the money to settle the trade (ie. take full possession of the shares), close the trade and take whatever profit/loss they've made, or roll over the trade. The latter means that the MMs usually allow the trader to extend the trade for a further 18 sessions, by selling and buying the shares back again - the downside is that this will 'cost' the trader the spread between buying and selling, which can be quite a bit eg. the 600k rollover cost the trader £900. Frankly I think they were fleeced, it should have been possible to get it rolled over for no more than £300 (ie. much narrower spread).
1. A rollover makes zero difference to trading or the share price, because it's a sell and buy a few seconds later = zero net buying or selling.
2. In terms of interpretation, as you can't 'short' on an extended trade like this, it must mean that the trader believes that the share is going to go up in the next 18 sessions. Of course it doesn't mean they're right!
GLA
Put/Call options are a totally different thing altogether.
ROCK
understood thanks for the reply.
Presumably you're talking about options - puts and calls
Mighty... T20 trading is when you take a position but without having to pay for you shares for 20 working days, and then rolling it over again for another 20days. You can only roll it over once and normally the price you pay the second time for doing so is cheaper than the ask/ bid price margin. The simple answer to your question is the punter feels that there is a very good chance that the share in question will go up in the next month... so he wants to hold his position and by doing so he is will to pay a small premium to stay in the game ...so to speak...
New to this is a rollover good bad or does not matter? Advise appreciated
Yep looks like a rollover to me too.
QF
Rock
Glad you see it
It is ok to admit ignorance isn’t it but to say I am deramping or being negative because I am correcting an untruth
Shows you all are wearing rose tinted glasses .
Ppl get so defensive .. ppl are so emotionally attached here .
Recent Share Trades for Ferro-alloy Re. (FAR)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
10-May-21 10:42:06 37.85 600,000
10-May-21 10:42:16 38.00 600,000
Hasbeen ... agree a roll over on a T20.... It's amazing that some of the posters on here could not spot that....
HAZBEEN you are factually incorrect !! Agenda I believe
I've had just read through all your posts Hazbeen. You constantly de ramping this share with negative comments. Do you have an agenda. Investors make your own mind up !!!!!!
This is when BBs can be untruthful caused by ignorance .
Sp28 you are guilty of that
These were rollovers NOT two buys
Half a million pounds - i hope its a bit more than just 'faith' ;)
Could be an individual.. a lot of people use their SIPPS to buy shares as I do. Who ever bought those shares, have faith that FAR’s SP is headed higher
Added some more today on the ‘dip’. Should have bought last week, but was waiting to cash in some other shares. Holding 400k shares now - feel this will be trading a lot higher later this year. Be that in 1, 3 or 6 months. That’s not important - it’s the direction now.
Just my opinion.
2 monster buys just popped up from this morning!!!!
That is definitely no PI topping up his/her ISA ;) Tells you everything you need to know. Close to £0.5million in 2 trades.
Follow the money as they say. I'm sure they are following the Vision Blue and Sir Micks money!
As stated by other investors. Us PI's wont make much difference. Sir Mick and his city chums will decide exactly where this goes and when!
With Vision Blue providing all equity funding upto construction now, uniquely institutional investors have no option but to buy on the market. The usual gravy train of mates rates is not possible with FAR.
DYOR