London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I wonder why they had a vote to authorise the board to issue 100 million shares as that seems a bit excessive, any ideas?
Is this normal that all the resolutions have passed and no response in the share price?
few buys coming in this afternoon..attendees of the AGM perhaps?
like the link to the original website has been reinstated...new site complete and ready for the switchover? 16.29/16.45
it interesting watching the movement of the bid/ask and the way the Mm's use the spread to try and paint a picture that suits their agenda. I've always been led to believe that the Mm's have no interest in fundamentals, potential etc of any stock and that they simply respond to the supply/demand dynamics at that moment in time...however, watching this closely over the weeks has challenged that belief. The fact the ask has stayed stubbornly below the actual SP is something I have witnessed fleetingly on other stocks, but never for this length of time. Today, we had 3 buys followed by a sell...and the ask was lowered for the 2nd and 3rd buys, yet we were negative all day until finishing level. I'm probably over-analysing a very limited number of trades plus I feel like I'm rambling and probably making very little sense, so i'll shut up now...gla
That remains to be seen Kvt. But ACO's chart looks to be developing a nice stepped rise formation, and the next step up could be imminent. Tomorrow is the last full trading day before the AGM, and from the AGM onwards I expect the path for ACO - or Acorn Growth as it will then be - to be much clearer. The recent Buy tip by Michael Walters is a huge endorsement, as he is a real connoisseur of shells. Indeed I believe that his book "How to Make a Killing from Penny Shares" has an entire chapter on the subject. And out of literally dozens of other shells he could potentially have tipped as a buy last week, but he has chosen ACO. For someone of his experience and nous to single out ACO in particular is a real testament to the potential here. It's also telling that he categorises ACO as low-risk: "Small Acorns 14/9/2016 A low-risk gamble." HTTP://www.michaelwalters.com/
down at the time of posting. Updating perhaps... http://www.acornminerals.com/
Has anybody already voted or planning to attend the AGM? Strange that no influx of trades just yet!
Seems a little quiet here, but some sizeable trades yesterday, do we think the 16.95p trades are buys? What is the true spread?
Indeed Doc..very exciting times ahead. The tiny freefloat of some 7.5m shares (exc' those already held by pi's of course) almost guarantees a fair bit of volatility, but determined to hold on tight to my shares. To use a well-worn phrase on these BB's- "Time to buckle up..."
Time will tell we are getting close to the point where the future direction of the company should be clarified.
Okay, been thinking about this and I think I may have dissmissed your presumption prematurely Doc. The Mm's have to make a market for illiquid stocks ie. they have to provide a buy or sell quote on demand. Now recently, sells have outweighed buys which means they are probably holding a surplus of ACO stock. On Wednesday, for some reason, they appear to have decided that they want a higher price for the stock but crucially, without the associated drain on their inventory. In a nutshell, they're "walking the SP up". Let's see what happens today...all imho of course and dyor.
Thanks to DrRadcliffe on ADVFN for this info. "The gist of the Acorn piece is: Acorn Minerals is well in to the process of being transformed into an active business, its new name will be Acorn Growth, the new board will come from Peterhouse Corporate Finance who are the majority shareholders now. The subscription funds have been deposited with the company, and we should see a circular and prospectus after the annual meeting which lays out a strategy and roadmap for the new business."
I don't think so...it would appear that, for reasons unknown, the Mm's want the SP higher...regardless of whether current demand justifies it. Let me think about this for a while..
So why do that KVT? is it an effort to surpress buying?
Bid/Ask is 17.15/17.39...Today, the ask price is below the actual headline share price. Hence, all trades are recorded as sells...another peculiarity. Normally of course, the SP would rise after the ask had been paid a couple of times.
The AGM is coming up and presumably people are wanting in before that. interesting that all trades are recorded as sells yet the price is rising.
Any idea why the volume has shot up from the past few days?
As far as I know, ACO is not traded on ISDX, however a background buy order is a possibility..I guess time will tell...gl
No need for any apology. Is it possible there is a background buy order or that buys are on ISDX?
Hi Doc, Firstly, I would like to apologise for my not responding to you previously, it was rude and aloof of me. Ok, yes it is nice to see some blue for sure. The reason it is peculiar is because I have been watching the bid/ask like a hawk and can say, without any doubt, that all the trades are reported correctly as sells. So, the bid should be cascading downwards but is doing the opposite and rising. Why the Mm's would raise the sp in response to selling is open to speculation..
Why strange KVT? nice to see it going in the right direction after the last couple of weeks.