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So that news came at 7am and now the market doesnt like it at 12.30, come on people wake up and smell the frts, shorters and mms use any old tosh to make money and investers are so short sighted and follow the herd
No idea why the rather rapid departure, but the parting words seemed fairly warm.
Just load up, thats why the shorts are in play, often they know something we all dont, just play the reverse game
Sounds like ‘inappropriate behaviour’ to me that has been known about for some time and this is part of that managed exit process.
Unfortunately seen it several times before in a past life.
Any drop though is potentially an opportunity as it shouldn’t affect the business plan and Stephanie looks more than capable of stepping in!
Usual caveats
Trek
"Rakesh and Stephanie will oversee an orderly handover ahead of him formally stepping down once her regulatory approval is confirmed. Further announcements will be made in due course."
That doesn't sound too sinister to me ...usually any unruly departure is spun in term of - 'to pursue other interests' etc etc
People move on all the time but if that’s the case it’s stated as new opportunities, or early retirement, other business interests. No reason could indicate something inappropriate not financial but possibly relational. Employees get sacked senior execs get paid off! It’s how it goes.
Usual caveats
Trek
Dram - could be. Somethingstrange has happened on account of the speed of departure and use of an interim - obviously not normal retirement and unlikely ill health or a new job. Not good news imv - maybe we will learn something more tomorrow or from the press.
I wonder if this is related to last week's unusual SP movements.
AGM Tuesday 14th May
gla
Wasn’t a single trade, it was a cumulative deal which could have been in progress for weeks etc, it only gets announced when it is complete.
30m trade ? Some big boy moves afoot
Some people got fleeced yesterday afternoon and allowed a large buy order to be filled... onwards to 540 and close the gap...
Good job Gary, but you can do a little bit of trading while waiting for the next dividend too. Of course it's a risk for selling if your timing is wrong though. So, I am still learning my day trading skills. Just took profit again before closing and made only £216 this time. Will buy them back again tomorrow if the price is right....hahahaha..
Yes SIDI & Nervous a profit is a profit. I purchased 1,004 of these babies this morning at £5.13 & my folio is now showing at close of play today a healthy £42.01 profit after expenses. I won't be selling any time soon as I'm here for the + 10% dividend. God I love the stock market!! Good luck all.
Lol yes, I am trading mainly with my ISA account. My trading account so far for this year from April 6 already made over £2700 profit, nearing to the max CGT allowance. The rest are in my ISA account, up to now just made over £13k of profit. So, there will be no tax liability so far, but still 11 months to go yet for the current financial year. To avoid CGT, I may have stop trading with my trading account.😂😂😂
I'm with you SIDI. A profit is a profit. After fees/spread/taxes still over 3% assuming you have a reasonable number. I'd take that all day long. Just unfortunate for me I was not able to sell on Friday.
Then compound tax free for ever more in the ISA. Love it.
Well, I am a part-time day trader. Only make small profit every time. 😂😂😂
Well that wasn't that lucrative given the spread and tax etc ..
Bought my shares back at 506 after selling them at 524.4 last week. I knew it would fall back after a sudden spike. They usually/always do.
Its about the only one going the wrong way. i think by this afternoon it will correct. a bit more negative insight and updates on the economies and shares will be up and away as QE gets closer, interest rate reduction!! the irony that this market now represents free/cheap money rather than actual economics
Otherwise, I think DramChart is right with his algorythem theory. It is interesting that the sudden rise in the share price did not occur until a few hours after the major buy.
Probably nothing more than some good old fashioned manipulation.
In the absence of new, I'm beginning to suspect phat fingers or algos responding to the 200-day moving average. But I'm holding long term for the divi and would be happy to top up again below 480 :)
Pump and dump, somebody is making good money out of these shares!!!
Perhaps a bit more of a drop first for those of us who want to replenish what we sold.