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Ignore the headline rate and submit a dummy quote request.
JD...I checked again on IG and spread is 121.90-128.10. I may call IG to check this. Too high to consider a trade.
On IG I can buy 10,000 shares for 124.9 or sell 10,000 shares for 123.1. No complaints from me on the spread
Lucky,chicken and egg, low volume increases spread which reduces volume, an unvirtuous circle but many aim shares have 1.5% spread like us or greater;
and Bangrak quite agree that the stock market is becoming increasingly irrational, but as Keynes said “ The stock market can remain irrational longer than you can remain solvent”
To be a good investor since about October last year it required you to do the opposite to what was logical, when you have
I definitely agree on the spread is a daylight robbery and this is one of the reason the low volume....which is also bad for the sp.
if you ring IG dealing desk they'll probably improve the price, closer to real offer
If you buy or sell the shares in the market currently 125.75 to buy 124 to sell, just under 1.5% which seems fin for a share like this, so IG have far bigger spread presumably as hard to lay off or illiquid
On HL it is 123 sell buy 128.
Guys...the spread on IG as I write this comment is 121.9-128.1. That is putting me off.
Thanks Lucky and Metalhead, this is an unusually respectful board, sad that Tiger has been banned for his as ever honest posts elsewhere. As you have probably worked out, the basket has just fallen below quarter 2 average of $3300. This is of course a fine amount to be making as shown on quarter 2 profits. However the question is now rhodium has broken through the key $20000 where it will end around 10000 from where it has come or even under 1000 where it was sitting 5 years ago. Or will it turn and rise. Also on PGMs interesting Lex article yesterday on why platinum is overvalued. However if the basket can hold above $2000 Ths is making juicy profits that justify a higher price than now, however markets worry about the trajectory as well as or more than the price and we just need this to turn imho. The good news of course is that this windfall has paid for a lot of capex without having to borrow so the balance sheet is great. Usually this is an unusually helpful informative and tolerant board. I miss Tiger Bt the Tail, from whom I found out about THS from a post on the Cey board, who is now posting on advfn saying “ my LSE account got suspended permanently thanks to some of the rampers on the LSE EUA board.” How sad and how great this board is usually not like that.
...right as if positive or negative comments from this boar, would change the destiny of THS sp and its operation, including worldwide market dynamics and trend on PGM.
People should be able to distinguish comments if based on facts or b@****, otherwise they should not invest in the stock market. I personally welcome negative comments if based on facts, ten times more than those which shows only the positive side of a coin.
I bought back in yesterday at 125, with a view to average down in case the PGM prices misbehave..
I would just like to say that I find Sotolo’s contributions to this board to be respectful and informative. And I can’t see why someone who actually had a negative agenda would be constantly saying that the company is good value and that he/she is buying. Sotolo’s take may be more measured than that of others, you may feel it’s somewhat negative, but it takes all sorts you know
TopTiger. There was a positive start to my reply to Hindley who said the wide spread put him off buying Tharisa, explaining that is another poor reason to be pit off as it is only 1 ½% this morning , not high for an aim stock, just dealing used to cost more than that. The only thing therefore that might put you off is an irrational market worry about commodity prices rubbing off on Tharisa, how highly volatile prices affect sentiment whether rightly or wrongly, but that to me it seems good value, especially when thinking of this quarters results. I bought 27734 at 8.05 for 126.375 each, and 22660 at 8.16 for 124.243; sadly a bit quick off the mark as often thinner and bigger spread first thing. I don’t know why people get angry about explanations about market moves, political dangers and share histories.
why is there always a negative slant to your posts ?
dont believe for 1 minute you bought yesterday
Currently 124.5 to sell, 126.4 to buy which is hardly a huge spread for a thinly traded aim share, I wouldn’t let that put you off but your view of where commodities PGM’s, Chromium and South Africa electricity tax etc are going. If commodities fall out of favour, after their crazy rise in port covid dislocation, THS may suffer, it often hits a lowly PE at the top of the cycle and profits move around enormously, but ultimately it seems good value to me even if it may fall further.
As I said before, the spread is putting me off.
My holding today