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Bruce
I agree, however if one company attempts a takeover then others will follow and as I said in a previous post, unless the board recommends any offer and or the shareholders agree to any offer then it cannot happen, but, it will put SNG squarely in sight of the governments a drug administrations of the world, and the SP will be many multiples of today’s price, which will allow those who want to take profits to do so, those who want to hold to do so, and those who want to buy to do so.
SNG will succeed and hopefully we will all make large profits.
last thing we want. early take over will not give us our just deserts.
Matt
Thanks for the information.
Let’s hope that one or more major US institutional investors are picking up the shares, I think it is entirely possible in fact quite likely, as the large pharmaceutical companies would be very interested in taking over a minnow like SNG, that has the potential to become a leviathan
How is it right in any way, shape or form that those trades don't affect the sp. They could buy the whole company for an absolute steal
Morning Star's volume figure contradicts the cumalitive volume of the individual trades. Also, their historical chart volumes are more in line with the LSE figures and don't indicate these extra millions they often show at close of play. Today the individual trades are > 4m. Let's see what their show for the volume tomorrow.
Matt, the same pattern is repeated on Morningstar on a huge number of stocks every day. It has nothing to do with the dark pool, it is simply a computer glitch with many trades repeated over and over again. There are posters on here who seem to believe that the closing auction is many transactions———it’s not, the closing auction is one trade in each stock.
UT explained
https://www.shiftingshares.com/what-is-an-uncrossing-trade/
Genesis, That is not true. There are many trades in an auction. The UT is just the last trade in the auction period where a buyer and seller match price.
The lack of transparency is the whole point of dark pools, but this is one reason why they are sometimes viewed with suspicion. There is more potential for investment fraud, unethical activity and market manipulation, especially where high-frequency traders find their way into dark pools. High-frequency trading uses computer algorithms to move in and out of positions in fractions of a second to amass a substantial gain from the tiny profits on each trade.
https://www.ii.co.uk/analysis-commentary/will-rise-dark-pool-trading-impact-retail-investors-ii512663
Genesis, It doesn't happen with all shares, particularly AIM shares. I have been watching Morningstar for weeks and I think it has to do with SNG being on SETS whereas many other aim stocks are traded on SEAQ. All the AIM shares in my portfolio don't have the same after market auction trades. You can see below GGP doesn't have these large amount of trades during the auction period. The links you have provided are companies traded on SETS. These trades have something to do with the pre and post market auctions. I have posted previously links that explain that these auction periods are where most of the days trading is done. Below is todays GGP Morningstar trades, a share that is traded on SEAQ and it is nothing like the SNG data.
Until we see any TR's it is all pretty irrelevant in any case as these post market trades are having no impact on the share price in subsequent sessions.
https://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=0&vw=st&SecurityToken=0P00007YUF%5D3%5D0%5DE0WWE%24%24ALL&Id=0P00007YUF&ClientFund=0&CurrencyId=BAS
Is this the dark pool trading by institutions being reported after trading ends in a block report ??? Same seen on the BP after hours trade link provided a short while ago.
https://www.ii.co.uk/analysis-commentary/will-rise-dark-pool-trading-impact-retail-investors-ii512663
I do not think you are seeing real trades in the closing auction on Morningstar. It's an iterative algorithm designed to produce an "uncrossing trade" or UT to declare a closing share price. How many times have folk been surprised by the UT? Interactive Investor used to do the same thing years ago. You are seeing a computer at work, not a broker.
Matt
Fair enough, if you say you have checked with the FCA I believe you.
Did you ask them wether the points at which disclosure needs to be made are the same for institutional investors as they are for private investors?
Tommy, there is only one closing auction in each stock every evening. One trade, which is the Uncrossing Trade. You seem to have gone into denial.
https://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=0&vw=st&SecurityToken=0P00007NYP%5D3%5D0%5DE0WWE%24%24ALL&Id=0P00007NYP&ClientFund=0&CurrencyId=BAS
AstraZeneca scroll down to 16.35
http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=0&vw=st&SecurityToken=0P00007WPO%5D3%5D0%5DE0WWE%24%24ALL&Id=0P00007WPO&ClientFund=0&CurrencyId=BAS
Vodafone scroll down to 16.35
https://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=0&vw=st&SecurityToken=0P000090MI%5D3%5D0%5DE0WWE%24%24ALL&Id=0P000090MI&ClientFund=0&CurrencyId=BAS
BP scroll down to 16.35
Scinv, you are funny. How can you be so scathing about someone else’s posts? Talk about pot calling the kettle black.
Anyway apart from your posts have been much better since you bought in. :-)
Genesis777 is correct. ADVFN is very good at accurately reporting all late trades and best of all, anyone can check them late in the day. LSE report 733 no. trades today. ADVFN report 770 no. trades and you can easily scroll the full list and see that share trade no. 1 today was pre-market.
oh the irony
Just to be clear I am a recent investor in Synairgen and in recent weeks many shares have changed hands. I have noted on ADVFN at 5.15pm late trades are reported and these are transactions from the previous day and are genuine. On Morningstar, the transactions reported after 4.30pm for every stock I have checked are being multiplied to the extent that it is fairly obvious that their is a malfunction. Perhaps some posters on here believe that stakes are being built up in every quoted and AIM share on the London Sock Exchange.
Oakleaf, I registered last week and today is the first time I have posted. It appears that you doubt my integrity so I suggest you spend 10 minutes looking at reported trades for several other companies on Morningstar after 4.30 amid you will see that I am correct in my observations. If you don’t think so, then perhaps you might elucidate.
I’m convinced that someone is building a position and it’s entirely possible that they are doing so in advance of a takeover attempt - I say attempt because unless the board and the majority of shareholders agree to it the company cannot be taken over, and my guess is that any early attempt at a takeover would considerably undervalue SNG
Tommy, the closing auction on the London Stock Exchange only has one transaction and that is the UT trade.
Could it be someone is buying shares "cheap", slowly slowly so as not to have to declare but not as much as 30% so they do not need to to do a take over. When they are ready to buy the company they will already have bought a large percentage of their shareholding cheaper. It is what I would do.