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It was like that yesterday too .. I could buy and sell with zero spread although I only tried a dummy £2k.
Presumably the buys & sells must be a different MM unless they're making a living on £4.99 per trade these days!
not sure what it mean tbh Twixy? I can see they shows many trades at the very same price.
Well, I can buy 20k at 16.171p and sell at 16.18p.
Go figure!
Thanks, interesting info! Now we need to find someone with an account!
How can YGEN chase it if they don't know who is making the trades? According to this, it's the person making the trade who must notify YGEN and the FCA when they cross boundaries etc..
"They require shareholders and holders of financial instruments falling within DTR 5.3.1R(1) to disclose to the issuer and to us when their holding reaches or falls below a given threshold.
Several exemptions and thresholds apply to certain market participants, for instance custodians and market-makers."
hTTps://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/shareholding-notification-disclosure
Whatever is going on, isn't causing the SP to tank so buyer and seller must be pretty well matched at this point!
"There is no way of knowing whether that big order was a buy or sell..."
Shouldn't really need to say it but someone sold it, and someone else bought it. Pretty obvious really ...
Dan, to summarise, tomorrow's jam will be even sweeter :-P
TBH, looking at some other shares, neither revenues or huge losses make any difference to crazy valuations!
There is no way of knowing wether that big order was a buy or sell. They could have been filling that for a while and just delayed reporting it. The fact SP ticked up once it was reported speaks volumes.
about all we know; Big profits next year, ahem, cough!
''Recent investments in the Group's UK-based Genomic Services offering and adaptation to constrained international mobility through the recruitment of in-territory commercial and support teams in North America, mainland Europe and South East Asia, coupled with the lower than expected revenue growth, mean that significant profitability improvements expected in the current financial year are now expected to be realised in the next financial year. Guidance on COVID-19 testing related revenues, by contrast, had been forecast to the end of March 2021 only, whereas these are now expected to make a significant contribution to the next financial year''.
I didn't flag this up on the previous TU as I was hiding behind the sofa and it felt so nice that the board had stopped b**tching for a while, but as I recall there was no mention of EBITDA estimates - given the recent increased in-house costs - lower than expected revenue - thoughts? - Try to keep them positive - my nerves can't take much more.
Why would the MM’s have given that price for 6 million shares if they didn’t have a buyer lined up for them already? But that’s what’s more confusing, no TR1 for buyer or seller yet!
I would certainly hope they will make the bottom figure of £18m+. So no worries there imv!
With all the BS you read about MM’s doing this and that across AIM shares, which is normally just an excuse for a few PI’s trading, it really does seem like something is being managed here this time ... but what and for who?!
That’s nearly 1% of the shares in one hit! It seems unlikely that whoever is making these trades is a small player so if they’ve been over 3% we should be getting 1% boundary TR-1’s!
I was offered exactly the same 16.15p price to buy and sell £2k worth earlier ... a free bed & isa opp for someone without even calling the broker!
... and still no TR-1’s!!
yes , no sp movement with a trade like that. All not what it seems. Maybe something to do with IG stuff?
Yes. I worded that poorly.
We ticked up. Then a big sale but no SP movement. Strange
It looks like the tick up happened well before the trade ?
Strange after that 5.8m sale! Tick up and can sell at 16.13p and buy at 16.15p on dummy trades.
Agreed, it should be better for the stability of the SP ... I expect most positions have already been closed, it would be rather brave to leave it to a last minute stampede!
It's all good imho as no doubt many spread betting positions will be those betting short, and so removes downwards pressure on the sp on the majority of stocks on Aim and will also reduce much of the negative opinion across Lse and Advfn share forums from the clever b'stard know it alls with their spurious motives and agendas, who are intent to drive the sp down on any stock where they are betting short!!!??? Gla ;-)
ps it will provide more stability for the long point of view imho.
Anyone sitting on a leveraged long position would need to basically stump the full value of their "bet", making the outlay the same as actually buying the shares, rather than the previous lower margin rate of (I think) 25% of the value of their bet / shares,. Alternatively, they have to sell to close out their position which I suspect will happen in the majority of cases.
Since the spread betting companies typically cover their position in the market, the sells drifting through since the IG announcement could explain some of the weaker than expected response to the news than hoped.
I notice Ygen are on the list. What does this mean for Ygen anyone??
List of companies that the IG group now require 100% on margins. By Friday...
https://mcusercontent.com/194817d8a74f8fc3bb2aa12cc/files/e8ed843e-d134-4785-bbef-02e072af83bc/Stocks_to_100_margin.pdf