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Hi saxman303,
The algorithm just looks at the trade price & which side of the displayed bid/offer prices it falls nearest & puts it in that column.
That's why you look around to see other trades around the same time to see if they were an actual buy or sell. Sometimes the spread is so tight its hard to tell which are buys & which are sells.
Good Luck
LOTM
That 100,000 purchase at 1.81p was mine, so that's me up to 800,000 now & my target is now 1M before 1st of May.
GLA
LOTM
Just to let anyone interested the 15,000 sell was a buy as I did it why interactive investor as done that I don’t know why may be they should explain
Hi saxman303,
I'll be topping up as well today :)
Only problem is what to sell to do so :(
GLA
LOTM
Well no news is good news time to top up GLA
Hi TheT,
I looked back & there are only 6 days since the 1st of Feb when the daily trading volume was over 5M shares, ie £100,000 max in cash terms & of those 6 only on 2 of them were over 7M shares traded (Mar 4th = 13.1M & Apr 8th 19.6M [the day I first knew about MIRI] )
So it is absolutely flying under everyone's radar.
Good Luck All
LOTM
Hi TheT,
Nice to see you joining the discussion :)
I totally agree funding is a major issue & so far the company has done itself no favours in that regard by being so late to
1) get its annual report out for 31st December yet were able to give the 2 headline numbers before 24th Jan.
2) Provide some sort of monthly metric that would show the growth's there achieving to investors.
I don't think the issue is holding back new investors though because there are none, because the company to date has been so low profile with regard to investor engagement its crazy. The investor section of the company website confirms it with stuff that is just way out of date, ie 2 or 3 years old etc.
Even if we had the end of March bank balance & quarterly revenue number we'd be able to project how far into the future the company is currently funded for. The business plan had them lasting until 31st August, although the end of December numbers would indicate that, that has been extended a bit, but personally I think the opposite will have happened, that cap-ex has increased to bring the new content providers & programmatic offering online quicker. Hence the need for those numbers.
Totally agree the company is in play & even at £100M I'd say it was still in play.
I think there is a lot of news to come out before the end of May.
Tonight I was watching CNBC & one of there outside contributors was going on about the significant increase in digital advertising spend in the USA that has just occurred & they believe it is only the start of it.
If they do need to raise cash they maybe able to do it another way (as I have tried to point out before ) rather than an equity raise.
LOTM
Well TheT would you top up here are not
that is the 24bn $ question!!
when you read this: "according to research from radicle, vpp in feature-length films and tv shows in the u.s. will be worth $6.6 billion in 2023, accounting for nearly two-thirds (63%) of the u.s. product placement market" (many thanks for the link cab*****) and with all the deals and tie-ups mirriad have secured, it seems incongruous that the company has a market cap of c. £8m?!?
my take on this, for what it's worth, is a serious question mark over a (near-time) funding requirement. there must be a race to get as much revenue in as possible in order to avoid another equity raise, because, make no mistake, at such a low mc, an equity raise of, say, £4m would lead to a serious dilution. i suspect that this is holding back new investors at the moment. should, however, the company announce in a trading update that the company has moved/is moving (with a date) to a cash positive position, i would anticipate that the share price would rocket - if only because it will "come into play". even at 10x the current mc, this would represent loose change for a large ad company and as we know, the potential is absolutely enormous - see quote above.
gla, and many thanks to the regular posters - 2phevs; lotm-13; et al
Cheers for your reply
Hi saxman303,
You really do ask some hard questions to try & answer !
Wish I had a Crystal Ball :)
I was waiting to see if anyone came & posted that they had bought the 1M+ bundle yesterday but no-one has, so it doesn't look like it was anyone posting/reading here that did that trade.
I'm not sure about the 2 trades today at 8:20:04 I think it is either an error & both shouldn't be there or at least 1 shouldn't be counted. All the rest of todays large trades I would say are sells the 10,989 & the 3 x 2,415 are buys.
Someone clearly wants to sell & there even prepared to take 1.72p for them, it could be M&G or it could simply be an individual who has got sick of waiting on good news equalling a re-rating of the shares.
There is currently so little trading going on its hard to sell or buy without really moving the share price. But they don't need to be selling at the moment to keep the price down, if they wanted to do that they'd sell when buying was occurring & that's simply not been the case.
As I posted a while back I would have been happy to buy them at 2.1p we're now at around 1.85p or less to buy, so that's 10% or more below what I thought was a bargain price. I've got my average down to around 2.025p & I will be buying more this week as I've only got 700,000 of my initial 1M target.
I'm glad I've spaced my buys out this time as its given me a much better average price, than just piling in at 2.2xp as it was initially. Knowing that seller is around keeps me hanging off a bit in the hope I get better than my lowest lot of 1.74p on my next batch, but the risk is a RNS comes out & bang I've missed the boat completely :(
I don't think it will take that many buyers to move the price much higher on good news, there aren't any day-traders in the stock looking for a quick 5 - 10%
Hope that helps
Good Luck
LOTM
LOTM-13 DO you think these are all sales and do you think someone wants to keep the price down
Hi Bentley43,
Sadly your 2 days behind with that link! it was on there blog site on Monday.
We continue to just sit & await for the annual report or some other catalyst that shows more insight into how the company is doing or expanding, like the signing of the other 15%+ USA content provider. Or that programmatic has gone live with at least 1 of the 5 content providers on time & is now generating cash & thus the ramp-up of revenue is on its way.
I've noticed a couple of adverts in the UK already where the Olympic games are featuring. That's 3 months ahead of them starting! So it seems to me that advertising spend is on the increase, the question is how much of it Mirriad will be able to capture.
Clearly the seller is not done, but I'm also not finished buying yet either, although I'm only mopping up a fraction of what they are selling.
GLA
LOTM
Https://x.com/mirriad/status/1782724495167369707?s=46&t=xQtLGAO9fXJopXulPBDpBA