Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Delayed trades...
Late trades...sections g3013 and g3020 key. Nothing sinister and MiFID compliant...
In relation to rule 3012, where two member firms agree at or prior to the time of the trade, the responsibility for trade reporting may be delegated to the other member firm.
The rule recognises that member firms may wish to delegate the trade reporting responsibility to the other member firm. This may arise where a member firm trades infrequently and hence wishes to always delegate the reporting process or where the non reporting member firm wishes to gain protection under the deferred publication facility but the reporting member firm does not.
(Amended N09/17 – effective 3 January 2018)
Standard trade report deadlines [3020-3021]
Where a trade is executed during the trade reporting period, a trade report shall be submitted to the trading system in accordance with the standard trade report deadline.
Guidance to Rule:
The trading system will immediately publish a trade report unless deferred
publication is requested (and the trade qualifies for a delay). (Amended N09/17 – effective 3 January 2018)
And these are the addressable concerns
A member firm shall not:
aggregate trades in order to qualify for treatment under the deferred publication facility; add subsequent trades to a deferred publication in order to increase its size; or
submit or agree to submit a correction for the sole purpose of re-reporting a trade in order to gain or extend a delay in publication.
Less technical explanation.....from FAQ’s
When can the deferred publication regime be used?
A member firm should only request deferred publication where the member firm is dealing on its own account (as principal) and the transaction is between the member firm and its customer.
How can I request deferred publication of a trade?
A member firm may request deferred publication of a trade by submitting a trade report with either the ‘OK’ (for an ordinary trade) or ‘NK’ (for a negotiated trade) trade type. MillenniumIT will determine whether a delay should be applied based on the relevant publication regime.
References..
Handbook
https://www.londonstockexchange.com/traders-and-brokers/rules-regulations/rules-lse.pdf
FAQ’s
https://www.londonstockexchange.com/traders-and-brokers/membership/faqs/rulebook-faq/rulebook-faqs.htm
Trade flags/types
https://www.londonstockexchange.com/prices-and-markets/prices-help/trade-type.htm
Trek
Good narrative Yorkie! Thanks for sharing.
Xan,
Couple of questions for you regulars -
do you think the seller that has been in the wings these last few days is done?
Possibly, sometimes they take a break to get a better price. Best to look at the SP performance over a week or more and look at the RSI on the chart to see how it’s holding up.
https://www.londonstockexchange.com/stock/GRL/goldstone-resources-limited/company-page
I hope chart settings have saved. The chart shows rsi 14 over 6 months. It only dipped once, 23rd March below the line at the bottom half of chart. Then see how quickly it picked up. Again it dipped 4th Aug and bounced off the rsi as buyers come in and pick it up. So overall while there may be a seller, it’s small scale. You can use the rsi to buy the dip.
why does this stock in particular seem to have so many delayed publications on the (relatively) larger trades that appear ?
Delayed trades are MM filling an order from often several sources and they can’t always be posted at the time. I will post a technical explanation separately.
Any thoughts on whether todays rebound and this unusual activity late on in the day today is leaky related ? or do we think the interest/volume is related to POG now sitting above 2k
We don’t know it can be one of or a combo of...
#MM has received an RNS alert. Now be funny if we get RNS tomorrow!
#News out in Ghana, people buying here. I looked around the govt sites and couldn’t find a list of authorised permits. Only how to submit one.
# buyers buying dip
# junior miners now in vogue due to POG , that will happen imo big time soon.
# seller paused
# shorts closing. Not here though.
These are all ‘could be’s’ we seldom know unless we see a TR1 or some big delayed trades.
Atb
Trek
Just shows you how you can get caught out just as self doubt starts creeping in.What that was all about
been watching this stock for last 2 months or so after it disappeared off my radar into the "bottom drawer".... have found it interesting reading you active posters comments on the stock and listening to the interviews with the the CEO.
i`m optimistic this environmental permit will materialise shortly and this should give the SP the boost we hope for.
Couple of questions for you regulars -
do you think the seller that has been in the wings these last few days is done?
why does this stock in particular seem to have so many delayed publications on the (relatively) larger trades that appear ?
Any thoughts on whether todays rebound and this unusual activity late on in the day today is leaky related ? or do we think the interest/volume is related to POG now sitting above 2k