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Thanks rs23. But what is it in simple terms for my simple mind?
Does it cover if they are still buying then won't have to notify until finished? Does it define 'still buying'?
......handbook.fca.org.uk/handbook/DTR/5.pdf
For those interested in TR1 notification
https://www.handbook.fca.org.uk/handbook/DTR/5.pdf
i get like that mate lets be positive :)
Liamcossie, fair enough to both your replies.
As I said, maybe just the wrong side of bed today. Glass half empty.
liamcossie, we have dropped 15-20% over those two days though so I wouldn't be too certain it's anything other than selling.
they should notify.. but are not legally obligated too i believe
"If they are still buying then won't have to notify until finished."
Can this be fact checked? Nice to know what the rule book says...
besharp its very hard to determine after hours trades as buys or sells.. but look at it like this, the sp hasn't really moved last couple days yet those trades keep coming thru... which to me signifies a turning point on its own. MM's happy to take all those 'sells' if the y were..even with no buyer yet havnt dropped us below 1p? why...there for either they know which way they are going to take the sp so happy to take them from someone...or theres a buyer matching the sells.
Depends what country they are in as to notifications etc. If they are still buying then won't have to notify until finished. Also my mate picked up 1 mil here earlier at 1.06 which still isn't showing. Something definitely going on here. All will be reviled soon
besharp I would also think the big trades are sells, why else would we be down every day since last week...
Again, happy to be proved wrong, but I checked the bid/ask at the time of those orders and to me, my opinion, those are sells. I believe they are the overhang of the selling IIs that are below the notifiable threshold.
Surely if there was a background buyer they would have had to have notified their holding by now or as I said that it is Jupiter and they have not and will not cross any notifiable thresholds due to their possible overseas location???
Not looking to dampen anyone's hopes 2p by the end of the week etc but just looking for decent discussion.
she should be lol!
still dicking
My mom isnt into holding
I would say there is a background buyer here, the MMs are sticking dicking with showing big trades and times, plus they will take my whole holding in one go.
However i'm not so sure now there is a big seller, it's looking more and more like Pi's panicking and selling. Let's see how today pans out.
Be sharp check the late trades.. they tell you everything you need to know. The mom’s are holding it down to fill orders.. the can’t print them during the day because they taking all day to get filled
Maybe just the side of the bed I woke up on this morning but am now beginning to think there is no background buyer here and yes I can see that Jupiter have increased their holding to 10% but they possibly have not yet crossed a threshold that demands formal notification. I.e. that they are an overseas investor and the thresholds are different for them... read this somewhere...???
Happy to be proved very wrong here, otherwise look forward to that seller(s) being cleared and in a controlled manner drifting towards the 4-5p area.
Also I feel that if there was a genuine takeover rumour, we would be much higher!
Roll on news/seller(s) being cleared.