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Have an average of 16p so a long way to go for me yet.
Frankly I just want out when I can. Been too long. I know - patience
Shrew... Very eloquent and I have to admit I have had a similar outlook from the last 3-5years... I don't ask for much. Merely a 1:1 share swap with Glencore shares. Simple as that. I will be a very happy and generous man @296/7
Extrader, not like you to be getting ahead of yourself lol. That last post was almost rampy!
Anyway, what are people's **minimum** expectations for the news?
Personally (and I so hope I'm wrong) I'm expecting another dreary can-kicker with lots of fancy words and yet more studies and work programmes. This will be disastrous for sentiment in the share.
It's just that I've never experienced a really materially positive RNS from Zioc before despite holding for 5 years now. So i'm "conditioned" to be disappointed.
Go on Andrew, surprise me!!!
For clarification, I defo fall within the ‘ordinary mortals’ bracket, rather than the ‘bent politician’. But if there are any bent politicians on the board, please let urself be known lol!
MM is alive and well after all!
Re theory that..."the recosting delay is to allow shard to find a home for the shares prior to releasing news. ..."
or - heaven forfend - that the delay is to allow a few folk to get on board, before the train departs....The volumes we're seeing might be loose change to a bent politician (whether 'here or there', in fact), but could be 'life-changing' for ordinary mortals....
Damn ! I must be channeling my 'inner minor miner'.....
;->
"somethings afoot let’s hope it’s huge"
I think you've answered your own question!! :)))
Quite possibly Phil. The nearer we get to news the larger and more frequent the sells. Just a woman’s instinct, somethings afoot let’s hope it’s huge
Perhaps Shard are trying to get as much of the 7 million off as quickly as possible as they know there’s a RNS coming with good news , meaning they are no longer needed but they still want as much of that 5% as possible
Sorry ‘recosting delay’
Which brings us back to lynthip’s theory that the recording delay is to allow shard to find a home for the shares prior to releasing news. Although a leak usually finds a way of spreading and potentially u might expect a higher volume of smaller trades as well?
PS yesterday's 2 x 'sells' at 16:04: 19 and 16:04: 35 for £ 19,950 and £ 20,000 , for example, I'm pretty certain are in fact a 'bed and isa', ie a sale and subsequent (re) purchase.
The other , larger amounts, appear only on the 'sell' side AFAICS, hence the Q : are they in fact 'buys' through Shard ?
'There's a hole in my bucket, dear Liza...'
Sorry Extrader, dam predictive text
You're not missing anything extruder, I thought the same. With a bed an ISA the buy and sell price will be slightly different, still think this is Shard. Just wondered why so many over the last week or so, more interest perhaps?
I thought about 'bed and isa', but don't they normally show as a sell and then a buy (ie reflecting the legal/accounting reality) ?
With a slightly different, super narrow (atypical for ZIOC !) spread, reflecting the in-house , limited market risk nature of the deal .......
In this case, I see the 'sells', where are the 'buys', which I understood were in a legally distinct vehicle (AIUI) .
What am I missing ?
No frivolous replies, please !
;->
Hi extrader, no supporting evidence but I'd say the larger 400k trades are transfers given same price, and quick succession timing. There's 2 trades in quick succession for circa £20k, which I'd say was an ISA transfer. And would hazard a guess some of the trades <£20k are also ISA transfers given similar size and timing. As I said no evidence but that's my thinking.
Must admit that I'm not 100% sure how any shares that Shard places with subscribers are reported here (leaving aside the oversimplification of allocation to buy/sell that the algortihms use) :
Once the 7m shares are allocated to Shard (and duly reported as 'increase in shares in issue'), I assume that they're kind of like shares in Treasury.
So, when Shard , as a full-service broker, 'sells' shares - that raise cash for ZIOC (ie proceeds don't go to another broker/end-buyer) - are they reported as 'sells' ...or as 'buys' ?
What are these round numbers we're seeing - 100,000, 300, 000, 400,000, etc ?
I'd obviously like to think they're all 'informed buys' - but really don't know.
Can anyone clarify ? preferably with supporting evidence.
TIA
I suspect that Shard are not privy to anything. They are probably just exercising their remit. Loose lips...
Would Shard be privy to anything, I wonder?
Me too, something is going on....
What is the question!!
It does seem strange Marcus that these big sells have become much more frequent. Something is going on, would love to be a fly on the wall somewhere...
Stok, I think that’s the point lynthip is trying to make. Shard have to find customers to buy the shares, shard will have to have a carrot to entice their customers to buy the shares which will allow them to make some profit.
The " lumpy" trades appear to be fairly consistent. If really good news were about to be announced would this selling be going on? That is if the sells are indeed part of the fund raising exercise.
You could be right lynthip, I’ve noticed bigger round sells in the last few weeks. Shard getting a wriggle on??
300k sold into the bell last night and already a 400k this morning.
Could the delay be the loan company still offloading shares? No idea how this works but do they ever give a time when they maybe finished?
Today's depeches de brazzaville carries Nguesso's inauguration speech. Notable extract :
.."During the speech he gave, Friday April 16, on the occasion of his nomination for a new five-year term, the president
of the Republic, Denis Sassou N’Guesso, made the solemn commitment : "To fight against bad behaviour ??in administration and public bodies ”.
Such 'bad behaviours' as, among others, "Embezzlement of public funds, illicit enrichment and favoritism ”.
N’Guesso promised "zero tolerance" and warned: "I'll be watching ".
Another box ticked , then.
Meanwhile, France has extended a moratorium on bilateral debt through to 30 June 2021, in line with Paris Club proposals.