Wentworth CEO sees both capital and dividend growth opportunities in Tanzania's Mnazi gas field Watch Now
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
thanks every one
"Yes my account with ii also show the closing price at 10p but if it was a direct single purchase why show it as a U/T ???????"
The 'closing price' on ii often bears little resemblance with what's happened minutes earlier in the market.
As others have stated, IMHO, we'll see an initial 'retreat' to the 9.40p levels that ruled before.
If the sp goes 10p + then great, but i just don;t see it myself.
10.00p 9,893,576 Buy £989,357.6
Just under £1m
could someone tell me how much was the late buy that pushed the sp north, sorry it not showing on the lse board
Could've been an Australian buyer with knowledge on the ground - knew the price would rise up to the interims (and hopefully after) but too tired to deal in the middle of night. Hence set an after hours buy price at around 7% premium to hoover up as many as he/she could?
It seems to me that someone wanted in quickly to benefit from news that is going to be announced shortly and was willing to pay the 10p price as they know it is a bargain?
Roll on Monday and next news - it could be the big one :)
Yes Gold member smoke and a pancake or bong and a blitz. No . Then there is no pleasing you.
Ex sxx myself ballers,leaky AF there,Zero comparison on leaks here. Tight like a toiger
Yes, Trucky -
Both GGP and NCM seem to run a very tight ship and really consider their shareholders.
Gervais and Callum have built up a very loyal following , especially over the last two years.
I know that Chartbuster said the share register was wide open. That may be so but, when I hear of the number of long term shareholders who have concentrated their portfolios here, I would not be surprised if we hold one third of all GGP shares in issue.
Bellers no problems. NCM and GGP keep things tight. They do like to drop an RNS when not expected. I think that's so the mm,s don't mess around with the share price before releasing RNS. That's part of why both companies are great and really do consider the shareholders
Steady as she goes is also my preferred path. Looking at the daily chart, the first hurdle is for the SP to stay above the minor resistance level at 9.400. If that level holds and supports the SP, then we need to repeat the same with the all time high of 9.600. Once that level is breached the door is open to 10p.
If we can breach those three levels in one push that would be great, but personally I don’t want to see a sudden spike that cannot be maintained.
A steady, sustained and consolidated climb will increase the offer from Newcrest when it comes.
Great day yesterday, which I missed entirely because I was in the garden. When I looked at the chart it was a very pleasant surprise to say the least.
IMHO it’s not a matter of “if”, but “how much” the offer will be, and will it be just for HavIeron or the whole of GGP. Really exciting times for all the patient people here.
Apologies trucky, not saying it’s a leaky ship but I came over from Sirius into here. That was no better than a colander and I fear it’s tainted me.
And if the MMs are out of shares up we go., possibly a spike rather than a steady rise. Someone posted recently we've never had one of those bigger number percentages in one day, be lovely of course but i still like the steady eddy.
Love the sentiment in your 16.29 post TMT - I’ve been here pre-Newmont walk out and intend being here when the real value is achieved - haven’t sold a single share and just 2.8p away from ten bagging. This share has been my salvation so far and whilst I could retire just about now and be OK, the difference is holding for the real value and then it truly will be life changing - not just for me but my wife, son and grandchildren. Good luck to you TMT and all Greatlanders!!
Good post !!!!! and reading into it:-
I was thinking that if this buyer had the available cash for the 12 mill and could only get just under 10 they may well purchase the remainder ASAP i.e. first thing Monday Morning as they will want them as cheap as poss. If they wait the SP could go up more so buy ASAP imo, they might also put in a Buy limit for 10p so we might see that first thing !!!!!!
Hi ballers. Your comment on leak? I've never known of a leak in the past so I cant see there being a leak now. I do think the meeting with the American bank may have opened up to new investors, would be very good if that is what happened because there may be a lot more big money investment coming here in the very near future
Well, I'm going to find Monday fascinating even if there is no RNS. It's that other 2 million shares that I find intriguing. If the buyer just says, "Go ahead, get me the other 2 million as well," it's likely to take out any remaining resistance, and who knows? We might get close to that 12p target by the end of the week, even without any RNS or other news. If they decide they've got enough and don't go for any more, then we could see a drop back. Or, they might decide to pick it up gradually and we could just stay supported right around 10p.
I actually have more professional interest than financial interest in this one. For us, GGP is a side-play, something my wife decided to take a flyer on almost for fun. We've got enough in it to care but we'd have to see a SP over a pound for it to really make much difference for us.
But watching this unfold from the PI side of things, not knowing exactly what's going on but having some good guesses, makes it really interesting. Unfortunately since the stake involved is well below reporting thresholds we might never know who it was and why they did it the way they did. But it's still very interesting / fun. And also exciting to think that for some of my fellow shareholders, it could be the start of something that truly is life-changing. That's a pretty special thing to be part of even in a small way -- lots of people never experience it at all.
Agreed Takingmytime. That’s what makes me think maybe something has leaked and there is little time to be stealthy. Next week may be entertaining. :-)
"It’s a bit unusual for a big institution to buy like happened on Friday. They usually buy over a couple of weeks stealthily and then a tr1 appears and everyone is shocked"
Except it's still way below the threshold for a tr1, unless they've been stealth buying for a long time.
12 million shares is around 1/3 of a percent, right? It's a large chunk of money, no doubt, but it isn't getting anyone any control or any particular influence. It's the kind of buy you might see from a hedge fund / small-cap equity fund. Or maybe a private bank, to allocate across some of their clients (if the surge in NCM is related, this might be it, they'll have clients who want greater exposure to gold).
A stealth buy happens when you want to build a bigger stake. This investor probably doesn't want to go any bigger than the 12 million shares, at least not right now. You don't want to wake up the market if you are going to keep adding. This investor didn't care about waking up the market, which suggests that this investor is done once they get their 12M.
Just come in from removing horrible felt from a horribly hot shed roof.
I must admit Tom, It was like being one of those toilet cleaners who wins a packet on the lottery and then, when asked what he will do with his life, retorts that he will definitely keep his job going. It's not going to change him, no way. Cleaning toilets is all he's ever known.
Not me, I say to hell with this felt roof and anything that looks like a felt roof. If GGP continues to march I'm never going to fix one again. I'm just going to buy a whole yacht.
That large trade was certainly brilliant to say the least!
What was more revealing about GGP for me in our character and make up was the way the SP travelled from a despondent 8.40 to a very healthy 9.32.
The 16% increase would have added more kudos for our ever growing company, keeping us firmly in the limelight, so come Monday morning I believe we will continue to build on the price. If in the event we drop a bit I am sure there are new investors, topper uppers to pounce on the situation before awaited news
It’s a bit unusual for a big institution to buy like happened on Friday. They usually buy over a couple of weeks stealthily and then a tr1 appears and everyone is shocked. Whoever it is singlehandedly bounced the market up and paid over the odds. Bit suspicious unless you happen to know if you don’t get in very quickly then you lose. Maybe there will be an rns on Monday or maybe someone knows that they found something even more astonishing than we think.
"TMT are you out of your mind?"
LOL. Wasn't me who first suggested it would open lower. It could happen, but I also think we're heading up, not down.
Like I said, I'm also certain our buyer was an American institutional investor who didn't get all the shares they wanted on Friday. If that's the case, they'll be back for the rest soon. Maybe, just maybe, if American, they'll hold off until later in the day, or maybe even for a couple days, to see if it drops back again.
But I don't think that's what we're dealing with. If you are going in more than £1M, you do that because you think you're on a winner that's going to make you at least 20-25% (far more, in this case, I think), and you don't mess around with trying to save 1-2% on the purchase price, you just buy and get your hands on it.
That's what it looked like to me. This wasn't somebody trying to gradually pick up shares here and there without spooking the market, this was somebody who wants the shares badly enough to be willing to pay even above the current market price for them. So I think they'll be back on Monday for the rest of their shares.
I think something else, too. I think it will happen again. The professionals are starting to pay attention.
TMT are you out of your mind?
The SP is going to open up strong and explode in to the week