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My guess is that what you saw was due to the large spread for HOTC. Quite often I get a much better price than what's quoted because of that. Usually the spread here is 10-12p. I think I've never paid full ask price when buying for example. I either put the quoted price or sometimes even the bid price.
So for example right now the quoted price is 492, Bid price is 486 and Ask price is 498. I'd put the limit order for 490 or even 486. At least half of the time my order won't get filled. But when it does I do get a bargain! So you'll see a UT as 486 even though the quoted price is 492. Now today the spread is "only" 10. But I've seen bigger spreads on here: 12, 14, 16, etc.
So I'm not surprised that you saw 470 when the quoted price is 494. I'd say 480 is normal and 470 is a bargain. And someone just got a bargain. There was a buyer, there was a seller and there was a deal. Perhaps the seller was using a discount broker?
Dimi, I know what a UT is.
I wanted to know why it was so low.
It had no relation with anything that had happened earlier in the day, is what I meant.
I never take any notice of it anyway and always look at the last trade within hours to see what's really happened.
Dimi
I am impressed with your knowledge. I wish! I rather like the management and the ethos so am in here for a long haul, all being well.
Hi anon,
That's an Uncrossing Trade:
https://www.londonstockexchange.com/help/whats-issuer-profile-overview#ticker
http://www.traderslaboratory.com/forums/topic/9228-uncrossing-trade/
It basically happens at the end of every day on the LSE (or sometimes at noon). They match outstanding buy and sell orders, that's why it's usually big volume.
Actually that's how I get buy/sell my shares with Hotel Chocolat - I put a limited order with my Broker (Interactive Brokers) and wait till the end of the day. I tend to get a price much better than the market price considering the large spread here.
of 470p when the bid was 494 just before the close?
Same thing has just happened on HUM.
Shennanigans, I suppose.
At least someone got £3.5k's worth cheap.
They noticed he sent half back!
The share price seems to like your lavish spending :)
Took advantage of the Xmas offer tonight. I think I went a bit overboard with this one though. Bought £140 worth of chocs! Thank God, for the £20 voucher.
It was carrying mine but bought superdry this morning this one is on the up also
This share is carrying my portfolio of late.
Only one that is constantly blue
To infinity and beyond..:o)
Looking at the products on the website this looks a good stock to be in going forward
I didn't realise they'd been advertising on TV.
I saw the advert on channel 5 yesterday. That's always a good move for sales.
They seem to be on a roll with few rivals. Only going to get better and better for those with patience. I am thinking 3 to 5 years.
I hope it does but they would have to be some great RNS
Would love to see this go past 700 in January..and it is quit possible in my book
molokai thanks for that, I didn't think about the options.
Just to put the record straight, I have to admit that I also sold a few around 500 despite saying earlier (at 440 price level) that I won't part with any shares. The main reason though was to average down in ASOS where I've had my head handed to me and also to start a position in Facebook. They tanked about the same time HOTC went up.
I still have the majority of my shares though and will buy back what I sold as soon as I have some spare cash. Though closer to fair value this share is still undervalued IMO!
Just following up a previous post of mine- The options are vested straightline to £12 but..."No Options will vest below a share price of £4.72 (the "Hurdle Price"). At the Hurdle Price, 20% of the Options will vest." ...... so while I like the recent share price rally I'm thinking its more to do with exercising options..?
If you look at the director trades over the past 2 years- they certainly do a better job than me of buying low and selling high!
Anyway- I flogged a few more the other day at £5- I thought we would pull back a bit before the next leg up.... just keeping an eye on these options though.... GLA
lol, I don't trust my crystal ball either.
Knowing me, I'm totally wrong, but at least I'm out a few quid up.
That actually makes a change for me!
anon, not so long ago you thought that 440 "seems miles away" so I'm not sure I trust your crystal ball.
I managed to get out with a bit of profit, but can only see this going one way for a while.
I'll look to get back in, as I like the company.
Because HOTC is involved with THG (I've been following THG since the ipo) I decided to take advantage of yesterdays disaterous presentation and the fall in the SP. Im hopeful it will bounce back- as it is in HOTCs global interest that THG also performs well. Anyway- just saying and dyor.
very large at 22p
New all time high today - 515 earlier. Let's see where it closes but probably all resistance broken.
Not that I know much about TA but I thought the 500 mark might be a bit of a psychological barrier, considering the round number and the previous all time high. If we close above it that's very good news! We might be at £6 before we know it