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SLIK - Sorry - need new varifocals
Top Man
GL
Moaning man, you never disappoint, thought even you might be mildly content with the blue finish; certainly keeping us all grounded. This is my largest holding, I have bought and held, and my eyes remain firmly on the Imutex prize, the RNS for which could land anytime between now and Christmas
Yep the selling could end at any time or not for a week or a month. I no longer care I only care that I have a very decent chunk in there when it happens :)
Seconded deep. Agree that the 12.8 is the lowest likely buying opportunity. If we get there at all, Berenburg quickly back On the bid.
Moniman... You don't seem to understand or accept that Acacia were indeed finished weeks ago, but that given that they had a huge margin to work with from their asset purchase price from link , and their financial obligations to, and pressure to realise any gains in short order to save interest on loans from Starboard LP their selling took the price to 11-12p range. We know from an o trade on 5th June that 25m of their 38m aquisition of orph's shares went to a third party in one transaction.
I have always maintained that I believe that these shares went to Starboard LP hedge fund for 12.2p. So, logically they waited in the queue for Acacia to clear and then anything above 12.2p represented a further profit margin for them. The logic being that we were stuck in a 11-12p range for fours weeks and now have been stuck in a 12-13 range pretty much for a month... No one really knows when the seller will finish but what we do know is when that happens this share will re-rate and not come back. As stated earlier I believe that any purchase around the 12.8p mark is a bargain in these circs. However, one day they will be done and when that happens we wont fall back very far, so my own strategy is buy , don't trade, buy etc etc throughout the cycles. It is not complicated to understand and if you are not a trader you can use it to gain more shares at a decent price in the present circumstances. The SP is not the company and hedge funds have no interest in the company just the SP.... Let them sell and let me buy when they get less profit. GLA
I still can't fathom out why the Acacia holding wasn't dealt with several weeks ago. According to CF the second offer of placing shares at 11.5p was many many times over subscribed and he could have shifted much more volume than Acacia are trying to off load from their ex Woodford holding...???. Unless Acacia won't drop their ask...still think these should have been dealt with by now when you look at volumes traded in the past 2 moths...
Slik... 12.8p buy zone for me if we get there.
Back to normal, but we know that Berenburg won’t let it drop much under 13p, so that’s the buying opportunity. IMO.
Just seen this.. Any reason for the rise?
Yep but on the plus side increased volume and one less day for them to sell into. :)
Berenburgh back on the ask, oh well back to normal it is.
I’m happy now, I can wait a little longer for us to reach dizzy heights , GL
Roger That - Silk - much appreciated
GL
This board has provided good therapy to us holders. A positive BB for once. We have held in and will hold on for more.
Breaks 14.2p and nice times for all. Key is that 16p downtrend resistance broke. Resuming the long term uptrend.
Numpty, fwiw my opinion that the seller still around, my tests are: are there very large trades reported after hours or the following day, yes still the case, have a look tonight; secondly is Berenburg on the bid or offer, they are on the bid today keeping the price up, so will they revert to offer next week? I’ve already put a shed load into this but will put everything in when Berenburg stay consistently off the offer.
Worthy of some Joy today, lets hope it holds this time... Looks to me like the sellers gone.
Silk - thoughts on a seller still around plse?
Berenburg pushing the bid today, we’ve been here before unfortunately when they revert to squashing the offer, but the good news is that that they won’t let the bid drop too far.
Superb KT thanks
Time to put some wine in the chiller and think about a nice BBQ
GL
No anchor on L2 Berenburgh are buying and they’re at 14.5 on the ask,, looking like a jolly nice day to be had.
That's the spirit Deep - GL mate
Anyone got L2 - what is "inbound" ? - see if the anchor gets dropped again in to the rise?
deepjoy is feeling deepjoy... hope it lasts cheers all