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Lots of monotonous posts on this thread atm.
Although I am hoping for the double whammy of good deep drilling results In Saudi and obviously the financials transferred in October from Ethiopian govt there is still a long way to go.
echo!
Tree shake happy to hold look at tech soaring crazy and some think KEFI over priced LOL
I somewhat sympathise but ironic you posted that twice ;)
(to the new poster)
it's brain damage isn't it? Why do some feel the need to constantly promote a share, so f'ing boring
Are they pitching for a job in the companies PR dept?
looks like Spreadex are back walking the shareprice down with their bot trading and then parking large numbers of shares at increasingly low prices. i am sure they are counterparty to a long trade on their platform and they are losing. I also think they paying for the losses they incur by selling and buying and pocketing the difference in the spread. This has happened many times and why the stock has been aggressively held down. The only way is not to sell and aggressively buy as ultimately whoever this is cannot hold down the shareprice forwever, although they had 5% of Kefi down from 7% not so long ago so offloading as we go
.5 1,400,000 14:51
1.56 800,000 14:23
1.58 1,500 14:30
1.6 1,500,000 14:11
1.6 88,630 14:46
1.65 300,000 WINS 14:24
1.65 300,000 SCAP 14:49
Happy to top up at these levels. Spreadex are seriously desperate continually adding more shares at any price they can today. Buy as many as you like as 1.339. Tomorrow if an RNS comes out we will be somewhere very north of that price :)
wow. they sold out fast. Spreadex added 3.5m at 1.4p and they were gone in 5 minutes. I know as i was buying and ended up not adding as many as i would have liked. they might drop another block shortly.
looking a lot better for tomorrow!
And thanks to the drop we still probably have Oilbit with us ;) (who I actually don’t mind)
Spreadex does not work like that.
exactly - spreadex are simply an spread betting company who make their money on the spread and simply offer a platform to punters to take a leveraged gamble.
If they are buying shares it is because one of their clients is short selling the underlying shares (so they have to buy to cover themselves).
but how does that explain the tiny trades (70p? £1?)
Sorry not true, Spreadex with whom I have an account and a BUY in place do not buy shares if a client is shorting. I added to my buy and they will have to cover this and other clients buying NOT selling
The FCA will be able to advise
That i what i always thought also but to create a spreadbet market you need a counterparty. if someone wants to go long on Kefi someone has to be the counterparty and go short or there is no market. However Spreadex has currently 5% of Kefi and was at 7% of Kefi only a month ago. as far as i know they have not been part of any fund raise? Therefore somehow they acquired a huge number of shares. If Spreadex has let someone have a leverage bet on Kefi on its platform and then Spreadex has at some point bought 7% of Kefi that was a multimillion investment by Spreadex and the spreadbetter would have been seriously leveraged so who is that? I did some research and Spreadex can become the counterparty to the trade. it looks at the level of the bet being placed and if it thinks it knows better will become the counterparty. if you monitor level 2 Kefi is like no other. you can see someone trying to hold the price down and then walk it down and taking the wind out of the sails. look at all the bot trading where trades are at a loss with exact buys and sells. there is severe manipulation but we know Spreadex has offloaded 2% of the entire share capital of Kefi in last few months and it has 5% left. Something is very odd if you ask me and why 4 months ago when i first came across Kefi i could not believe how low the valuation was and i could technically buy as many shares as i liked and it did not move the dial, not one bit. The share has been significantly affected and there is no sense to imagine Kefi is only worth £24m, its worth easily double that to start with and it would be this value if someone was not pushing the price down and selling aggressively when prices rise by more than 10% when it triggers the selling. Ultimately investors will pile in and if they plan to sell the whole 5% i guess that will be bought. this stock is going to explode and just need to wait in the wings to let the opera playout.
check historic Holding RNS and you will see Spreadex are down to their last 1.8bn shares in Kefi from more than 2.5bn.
https://www.lse.co.uk/rns/KEFI/holdings-in-company-pa43pe33328h5fl.html
They are one of the largest shareholders. Normally when you see Hargreaves Lansdown as a major holder it is because they are holding shares for their clients so this is total holding of all clients. However as Spreadex does not allow users to hold shares, and only take leveaged bets on price rises or falls Spreadex itself can go into the market to buy the underlying stock to hedge itself. imagine if you were Spreadex and had someone making a huge profit it would make sense to drive the price up or down, perhaps trigger a margin call and so on. sounds far fetched but when you look at what is going on it would be interesting to know what other plausible reasons for all this odd behaviour, bot trading, 100% more buys than sells but price falls. This is my first investment where something is odd and not explained by normal trading patterns. someone is holding the price down and often at a loss. today 3.5m shares were dropped at 1.38p and were gone in 5 minutes. The bid rose above this so those who bought at this price were quids in almost immediately. anyway i will not mention this anymore as it must be tiring this BB out :) Time to wait it out and one day Spreadex will have sold all their holding. would like to delve into when they acquired these as it must be years ago.
They don't have 1.8 billion shares that's the total number - they have about 5% of that (still substantial I know hence they have to declare it)
I seem to read back a short time ago that he made another error and had to apologise. Trouble maker I think.
i prefer innocent errors than brainless ramping :)
Glad you pointed that out. Had me panicked for a second in my rush.
So they are now well below 94,116,382 and last few weeks they have been a background seller. Hopefully another RNS will come out soon but when they are out things will get very interesting.