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Get in quick while you can they need an extra 20% of stock here
Gone through
As per RNS looks like Fraser will have to buy shares on the open market to push the deal over the line. Big spike coming here
1.1 million buy at 2.4p
It will soon shoot up once any profits has been skimmed from Mike Ashley's involvement
Probably one of each, but it is hard to tell with this share!
Possibly one of each it seems
Late trades showing. !!
Buys or sells anyone
Yeah could be, it opened in Auction and was rising into close yesterday. Some of the price actions on this share have been out of the ordinary. It was in the middle of the 8.07 and 8.13 trades so could honestly be either. I only assumed a sell as every trade afterwards was at a lower rate. My buy from lunchtime
(about 1pm) still hasn't shown up, so there may be more trades from around that time yet to appear.
This maybe a buy ! Just been looking through the trades
Looks like a late reported sell from 8.10, over 600k shares. As the ask almost immediately fell below 3.80 someone in London (or Sydney) either sold on for a loss or is still sat on a lot of shares they need to sell back to the market at over 4p. Hopefully it will be the latter and we will bounce back up soon now the BoE have finished kitchen sinking the economy today.
Snap. Big moves on small deals suggest we are in for some volatility in the meanwhile, but the spread makes it impossible to trade. Deffo an accumulate and watch it play out.
Yes they were happy to take all my holding throughout the whole day. I’m holding as I’m 100% sure they’re filling a large order. I’m happy to see this one out for the next week or two
The bid appears to be being walked down to keep it in a low range. Someone clearly wants to buy under 3.5 which was the level at which they would take all of mine all yesterday and most of today until it fell away after lunch. Volume is obviously falling as the hype of last week dies down - but I can still sell a reasonably decent amount in one go. This afternoon I could get a sell quote for a large amount yet 5k was intermittently NT and for much of the afternoon selling at volume had a higher ask than selling a small amount. My buy from this lunchtime is yet to appear as well. We never can be sure what is going on in the background and its always easy to concoct a conspiracy theory - but it does feel like someone has slapped in a huge buy order within a range (under 3.5) and there is a 1 for the market, one for the buyer going on from any sells to try and keep it liquid and disguise demand. If this is the case.....then who? Hopefully the next few days all will be revealed!
100% correct Rob
I just dont get how sales of small beer are knocking hundreds of 000's off the market cap! It would appear there is an effort from somewhere in the system to keep the bid low and keep the spread wide.
Mike Ashley won't be satisfied with his 28/29% holding. He'll be swallowing up as much as he can as can as cheaply as he can
Spread is narrowIng slowly
Yes it does, ticking back up now already. Obviously not many sellers as why would you sell if Mike Ashley is buying
Fingers crossed. The fun seems to happen from about 9am
Let’s see how we go today, hopefully a blue day like the last 4 days
The spread for larger amounts was awful - but then volume did die off a bit lunchtime and beyond which might explain some of it - but usually when volume dries up larger sales go to NT. Partnership with Frasers Group in terms of stock, expertise and new markets could be a major game changer. This is a hold - unless it really, really spikes!
Yes I agree, all day they would take my whole holding, the spread was up and down all day. Definitely filling a large order in the background
The immediate buy volume has fallen away a bit, but all day they have been prepared to take volume at a discount to the bid - which suggests background demand is there. We seem to leap forward in the morning and fall slightly back in the afternoon. Still likely to end in positive territory again! Roll on tomorrow.
Some sizeable moves on trickles, I suspect there will be more delayed trades. It feels like a background buyer(s) as they will always take all my holding no matter what the price has been all morning. Probably going to try and hold it in a range now that buy volume has fallen a bit.