Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
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.
Geordie,
"I've asked them to look at the share trading from last Tuesday to Friday for possible/potential market manipulation of the share price."
Have a look, there was large trades yesterday as well. Yet little impact on the sp.
Have a look at Trmr, renamed Nexn.... There was also large trades with the rampers selling, whilst trying to persuade the gullible to keep invested.
The usual rampers here have gone quiet on the ramping and trying to keep the gullible invested, coincidence??
Maybe there's a pattern with the same rampers and trading???.
FYI River & Mercantile UK Microcap this morning announced their interims to March '24. In the summary of progress of their portfolio they said:
"hVIVO (+0.9) and 1Spatial (+0.5) performed strongly as the businesses continued to deliver operationally. hVIVO beat underlying profit expectations with their strong pipeline and upcoming move into a larger facility underpinning new medium-term growth targets significantly ahead of forecasts."
Thank you
Https://twitter.com/hVIVO_UK/status/1801132392331309442
Looking to share an update on the new Canary Wharf facility soon.
GLA
If its that tool 'STD' then there is probably good news incoming... Happens almost every time I see loads of green boxes :-)
Nine messages today & eight of them are filtered, whose the muppet that everyone is ignoring? Hee hee.
Nice rise today.
GLA
Haha give it a rest you utter clown. As I've said numerous times, any attempt to have a meaningful debate with you and you run a mile you have zero substance as a man, much like your incessant and overly repetitive posts.
Hallsworthy
"It's better to focus on the fact that we have soaked up a load of looser hands, moved to presumably longer-term institutional investors and slowly we build a firmer and firmer new platform on the share price for a next leg up."
You mean like the Chairman dumping majority of his holding 4 months ago in a discounted secondary placing at 28p. He knows more about the business than any poster on a BB.
Does the Chairman know more about the company than any BB poster? Why did he dump majority of his holding in a discounted secondary placing at 28p?
Where are all these II TR1s from Feb showing significant buying by IIs then?
You've posted a long post arguing against another poster asking reasonable question.
Do you think there's a pump/dump gang behind those trades?
If there sp rose after those huge trades, you'd be ramping IIs are buying in, wouldn't you?
Why not spend your time, do some research and come with answers to the red flags/bear points I raised?
Totally agree Hallsworthy.
Too many investors cry foul when a share price holds or falls - the MM's are manipulating the price...
But all is okay of the share price is rising.
The MM's play a very important role in price formation and have a much wider view of the order flow than any investor just looking at executions after the fact.
Not upset at all, just trying to educate the masses a little at a time. Too many people cry foul of the market makers but they are very rarely at fault
If you say so HallsWorthy. One thing is for sure, my time is definitely better spent doing something else than arguing with you. You are entitled to your opinion. I'm sorry you're upset I reported last weeks trading activity.
Honestly your time is better spent ready about market makers role and the tools they can legitimately use to achieve it. Complaining to the FCA saying our annoyed a share price didn't move will be lucky to get a response and if there is one it will be a very polite "what are you talking about".
If they have big buy orders to fill and hold the price down, it either doesn't get filled or there is sufficient enough selling to slowly fill it, the spread has been very tight and there has been a good number of shares on offer in both directions for this hole period; as much as I want the share price to rocket, the MMs have done their job and done it perfectly - filling orders and allowing sellers to sell at a good price and smaller buyers to buy at just a tiny spread higher.
It's better to focus on the fact that we have soaked up a load of looser hands, moved to presumably longer-term institutional investors and slowly we build a firmer and firmer new platform on the share price for a next leg up.
Hallsworthy, I've not asked them to look at an offence, I've asked them to look at the share trading from last Tuesday to Friday for possible/potential market manipulation of the share price. Given the huge volume traded (circa 8m traded on Wednesday, and close to 11m on Thursday), I fail to see how there was zero impact on the SP without manipulation/intervention by market makers. The AIM market is well known for this sort of practice. The form in on the FCA website and took around 3 minutes to complete, It's free to ask, so why not.
Haha what?! What offence have you asked the FCA to look at exactly?
Yes they are offering a market , but it’s a manipulated market . There’s no way the last 3 days trading volume can not impact the SP. I informed the FCA to look into the days from Tuesday to Friday. Let’s see if they get back to me. Market manipulation is illegal and those convicted can face significant penalties…
What regulation do you think is lacking here? Whatever is going on. They are still doing their job and offering a market. It's very rarely NT and the spread is very tight
100% agree Bubs ! It’s nonsense to suggest this is just sellers being matched with buyers …
The AIM market is clearly not regulated at all…
This is clearly not what is going on here. Buys/sells of this magnitude would shift a share price significantly. Other, behind the scenes shenanigans we don’t understand is what is happening.
Not sure what you are expecting. There are evidently enough existing holders and market makers willing to sell their HVO holdings at share prices 25-30p range.
Hence, buyers have been able to continually hoover up the liquidity in that price range.
Still doesn’t explain why no movement in the SP ?
A related thought — the 3% threshold equates to about £5.5 million these days, so quite high. If the mystery buyer is a new entrant then it may take a while to go over the initial disclosable limit (if they wish to).
Around £2.5MM in those chunky late-reported trades, which look very similar to those we saw yesterday also.