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BTW this is level2 data showing likely movement to 2 with a bit of a swell. my guess is that every ASK not marked with a MM is Spreadex exiting. what i have been seeing is that shareprice often rises from 8am-10am and then Spreadex adds stock to the ASK that depending on the amount takes up the day. sometimes it is gone quickly and they then release some more and this goes on. Frankly it will be great when they are gone but today you can see there is pretty good run back up to 2 in quite quick succession. 1.905 146,533 15:24 1.91 145,000 15:24 1.99 216,487 14:18 2 250 12:21 2.03 200,000 CFEP 12:54 2.05 200,000 STFL 14:56 2.09 40,000 11:56 2.1 300,000 WINS 14:08 2.15 12,000 11:02 2.18 250,824 09:13 2.19 234,050 08:53 2.24 320,000 08:58 2.25 200,000 SCAP 09:16 2.25 300,000 PEEL 12:33 2.27 200,000 SING 12:16
It is strongly anecdotal based on monitoring level2 for several companies that have Spreadex as a large shareholder. No other companies behave in the same way as these and all their offers on bid and ask are blank so sadly they do not identify themselves. If you look at level2 for specific companies and sadly monitor them overtime for a while you see things that only make sense when you look at the business model of Spreadex that actually is the counterparty to many trades and not just a platform and why you can buy any AIM stock when clearly some stocks are so illiquid you are talking about 100s of investors and the chances of 2 investors at the same time going short and long is nigh on impossible. Anyway Spreadex are now below 3% shareholder so we do not know what they are doing but are down from 7% sometime ago so the expectation is that they are on their way out and when you come to buy stock in Kefi you often get very narrow margins to the share price because they are actively selling and trying and exit their position. They have probably wiped out all the traders in Kefi on their platform and now trying to exit, which is no many aim stocks cannot be easy. Dont you think it is very odd that Spreadex had over 7% of Kefi at some point? Did Spreadex have a whale spread betting investor? it is conjecture but i will see when Spreadex are out as you will just get back to normal MM activity. i promise i will not talk about it ever again as frankly it is an anomally that i probably will never quite understand.
Thanks. I'd noticed that someone was playing with SETS in a way I've usually associated with shorters taking advantage of weakness in the book. They seemed to be doing a decade a day. Held back to see if volume arrived for the RNS, then whacked it down from there to where it was before, then on to today's decade!
Spreadex are not identified, that is partly why you know who they are as only companies with overweight Spreadex shareholding you see this anomally. Spreadex algorithm moves bid and ASK around in the spread to maximise its profit by forcing closure of positions. They can do it because voume is small and while they might make some loss pushing a share price down they make it up by pocketing thr spread and wiping out customers who they are counterparty to. Spreadex directly bets against customers where there is no other customer snd hence all the crazy small trades and weird spread along with quite narrow spreads at times.
Not sure they need a placing imminently. They had a couple of million cash plus from the RNS:
"The Group has the option to access working capital from certain existing stakeholders for up to GBP £1.5 million. This unsecured working capital bridging finance is short-term debt which is unsecured and ranked below other loans. In the event the Group was unable to pay this finance it would be repaid after other debt securities have been paid, if any. Management expects that the company would meets its contractual obligation on any such bridging finance on a timely basis going forward."
I'm sure as a small miner they will place in the future but I don't see why people think it is imminent.
Mms making a killing on the spread. Level2 looks to be leveling up the ASK but seems some people might have had stop losses triggered as its a painful bid. Spreadex was out in force today also selling us down but they are slowing up, if i was not already well invested in Kefi i would load up some more. However very happy that fundamentally everything is on track and in normal times the RNS today would have had the market stocking up as the small positives dotted in the RNS tell where Harry is and its looking now beyond TK to Hawiah and JQ. Obviously getting TK over the line will will be massive and the rest will take care of itself as the cashflow from TK is incredible when you consider we are skirting a crazy £32m?
Wow. So obviously smellyben slugworth oilbit and positive energy are all the same person. Definitely of madness, you make this BB so interactive and fill it will lies. MASSIVE buying opportunity for smart Investors.
So selfish to spread such lies and fear. It's not even about your investment, it's about something to do with you day. If what I said got to you that bad, it's because it was all true and you know it.
Concrete news due for 224million full funding and we've dropped back below 40milmcap.
Spreadex selling would have started a down trend, plus covid factor but this is powerful stock with TK about to be fully funded and two Saudi assets that should be worth the current mcap individually.
The fundermentals and sentiment, and based of the fundermentals we was already undervalued and this is just rediculous.
It's honestly the effect the crasy man posting has, making it constantly so unattractive to be in, but dyor and stick with the information from the RNSs and interviews.
We have seen this type of movement before ahead of placings - HArry and the Leach are putting the begging bowl round RAB and other institutions and the word is out no doubt -a placing in the 1.10- 1.30 methinks