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After reading the underwhelming results, I had expected a sharp drop at opening. Proved wrong as usual: share price seems cool as a cucumber. I suppose the price is now supported by the presumed A v. A competition. It’s some comfort to know that I am in such distinguished company, since like them I bought too high and am nursing a nasty loss. I'll probably top up sub 20p.
Had a few at 19.5p.
Long term got to be worth north of 20p!!
POS
They are evidently selling 3 different types of women's socks in sainsbury.
I see the net asset value in March was 72p when the share price was about 35p . Now at 23p does that indicate a bargain or am I being over simplistic ?
Interesting tie-up with Sainsburys, maybe this has been oversold considering the cash position
...but it's not helping the share price, which, at this rate, might break below 20p. Come on Ashley, feel free, buy a few more! A lot more!!
...about 10 days ago, but only notified today.
I bought a few at 23p, family own 51% so frasers can't stitch it right up...
Topped up for 22p ( D ) no Analysts views on there platform of late the decrease of 41% I posted on 7th February this year was a pretty good pointer in hindsight .
FRASERS GROUP would of been a better investment then this .
To be fair he's just taking a punt like everyone else....
CFO buys £12K's worth of shares at just under 24p yesterday. That's not going to move the dial.
Thanks Brighty.
The FT recommended "sell" yesterday. Outlook poor.
T
With Frasers silently waiting in the wings following their significant share purchases in BWNG it will be interesting to see when and if they finally table a bid or announce a similar strategic stake in BWNG. All under the radar so far but perhaps the announcement today of their 18.9% AO stake is stage 1 of them showing their hand in this sector.....
Good luck, Brighty
Changed my 22p buy to 18p. No rush here it's the finance arm that scares me if no win no fee solicitors get hold of them.
Worth a punt for the right money though.
Bit of a grim read. I Cant seeing anything to tempt buyers in the short medium term. I wont be rebuying.
I was about to top up again, but with my mouse hovering over the buy button I had a sudden bout of "good money after bad" doubt and resisted the temptation. Need to give it more time to see if they can right this ship.
Peakybinder opportunity for you to get the 22p you posted you wanted to buy at when I last topped ?
Only 17 posts since my then low buy at 26p 17th April . (40 days )
High after 35.6p 6th May ( 4 days after opp )
Top faller today -15% to a low of 22.7p by 9am.
RNs "outlook not good "
Ouch!
Time to bail out of this or hold for 3 years for a glimmer of hope???
Family won't buy anymore as they own 51% now.
I think 17p was covid low... Gla
... make for depressing reading. I can't see anything good in them and the prospects for improvement in all metrics seem far, far away. I'm only surprised the share price hasn't dropped more. Is there any point hanging on to these rubbish shares?
Thank you for taking the trouble to explain how this listing works.
Now I await to see the results on the 6th June. Not expecting any significant updates, but we live in hope !
What Ftsefan said.
The algorithm works off the mid-price at the time.
So, for instance, if they were showing on level 2 as 27 bid to 28 offered - 27-28 the mid would be 27.5 right?
Realistically the MM's will be competing for your business electronically so the spread in the real world may be 27.1 - 27.9.
If a MM got hit at 27.1 and say for instance he bought a lump in a market like today that's a bit soft, he may be aggressively offered just to take a quick turn at say 27.4 or cheaper.
If the Algo on LSE sees that print, it presumes that it's marked at the bid side of the price, so it must be a sell.
Always worth looking at the prints on the day around the time of the trade. Is there a big print at the bid? Is there a big print outside the offer? You have to use a bit of detective work to see the price action.
Remember, the MM's are always looking for flow, so will adjust the prices until they find buyers and sellers - that's where they make their money.
You probably got it at a better price than what was being offered at the time and therefore was cheaper and comes up as a sell