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There’s been a discrepancy of the same order for days on end. Running orders or pass the parcel, whichever party game you fancy the disparity hasn’t been less than the market spread at any point, oh wise one
“Where do you reckon this has potential to run to in the upcoming week? 12p?”
A rise based on positive talk from a government that in a previous form had avoided making decisions on a concession. Your guess is as good as anybody else’s.
The granting of the concession and a more detailed analysis of value of the ore, then you might reasonably ask for objective valuations.
As it stands, it is good news upon which you can cash in or hold if you believe better news lies ahead.
“Except that the bid in Sweden is 11.89p and the ask on AIM is 10.5p (moments ago). Box of nonsense? Get in it”
Complete drivel. They are running orders not playing pass the parcel. Do you have any understanding of how a dual listing is operated?
Except that the bid in Sweden is 11.89p and the ask on AIM is 10.5p (moments ago). Box of nonsense? Get in it.
Where do you reckon this has potential to run to in the upcoming week? 12p?
“There tends to be a constant disparity between here and Sweden which tends to be higher than us based on current exchange rates”
The disparity is an illusion. Any difference is always less than the retail spread, so there is no arbitrage profit available.
So there is no difference in any practical reality. It can be put in the same box of nonsense as those who say there are more buys than sells on a given day.
For a retail trader of BEM the problem you face buying / selling stock is the poor liquidity. The MMs are not trying to cultivate any elaborate scam, they are trying to manage lumpy trading.
what a lovely sight BEM at the top of the leader board now all we need is the MMs to stay away from it ,good luck,
Thanks rickmeister
There tends to be a constant disparity between here and Sweden which tends to be higher than us based on current exchange rates. Others have suggested that volume may play a part but I tend to the view that Sweden has a different type of market-looks to be more auction based whereas we are controlled by MMs pricing. Based on that, parity looks unlikely so 10p looks about where we should be today depending on what happens in Sweden. Ignore todays jump here that was just a correction from yesterday's close.
rickmeister, my comment was made when it was 1.42SEK (12p). My question was more around why we wouldn't see the LSE price match theirs given the exchange rate. Any ideas?
What comments are perplexing people??
Peops, slight perplexed by some comments this morning. Sweden currently 1.3 SEK and down 10%. There has always been some disparity between here and Sweden so 12/13p looking rather bullish.
For what reason would the LSE price not hit 12/13p today (in line with Sweden price)?
Little bit of early profit taking in Sweden.
For every share sold there needs to be one bought, so the big buys will have taken some time to fill; those events can sometime i think hold the share price down too.
ignore the UT trade this will open at about 9 p ish (i hope)
Thanx for that
“Can a more experienced investor please explain to me how right up to the close of business the sp was tapping on the door of 9p and the sp closed minutes later with an uncrossing trade of a mere £350 at 7.25p?”
It is a simple (lack of) liquidity issue. A large trade for this share is actually a small number in absolute terms. The UT is just auction, the system just sequences the list of trades as if they are all the same type.
In simple terms, the ‘final SP’ is 8.5 / 9.25 Bid / Offer.
All things being equal, if tomorrows trading was an exact extension of this evenings trading, the trades would start over 9 p.
In this regard, I don't recall the sp being anywhere near 6.125p yesterday
Further to my earlier question, can anyone explain the last 3 trades showing on LSE. Two very large trades from yesterday at 6p and one large trade from before the close.
The cynic in me questions why these trades are called unknowns. Somebody must know.
fulham can you post the link to the Swedish exchange i can never find it thx
davey. I think its about 75% of shares in Sweden and today about £170k worth of shares traded in the UK so still worthwhile business for the MMs. Can't explain the close reported at 7.25 with Sweden showing 40% up on the day. I anticipate a correction in the closing price. Ps, I am not an expert or trader.
3rdcardbrag
the algo system doesnt recognise the trade,as an uncrossed trade.
to the algo system,all trades are the same,ordinary.
tomora at 8am,it should reset back
7.25p will be corrected soon.
Auction period.
There may be an RNS
Hilarious. Especially as Sweden finished up 40% at an equivalent 12p (1.5 SEK)!
Can a more experienced investor please explain to me how right up to the close of business the sp was tapping on the door of 9p and the sp closed minutes later with an uncrossing trade of a mere £350 at 7.25p?