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Just FYI:
# Trades 1,140
Vol. Sold 27,862,686
Sold Value £564.22k
Vol. Bought 43,846,290
Bought Value £887.89k
If that is the position why is it down 13%?
The team on here believe its the market manipulators at work.
Yesterday many millions of shares bought on the 19th were shown after the market closed yesterday.
Greater minds could explain better.
In short some funny on-goings here, HOLD for the ride..
Can't wait to see the Delayed LRGS Trades (released 5pm tomorrow).
Plus TR-1 (holder of more than 3%) RNS!! Sonic Boom!
So obvious a serious player, either an Institution, Fund, ultra-high net worth (UHNW) or even another next door miner is taking a large off-book position in UFO.
It's because the MMs are up to their usual tricks.
Bought 1.3M at 13.34 and nowhere to be seen in the list of trades.
When you look at the amount of buys and sells as apposed to the total volume today then something is amiss!!!!
This is ****ing manipulation I tell you.
Stupid damn MMs think they can play around with shareholders, and not disclose trades, this should be illegal
All seem possible.
Is there a rule on how long they can withhold this from the markets?
Who should I complain to about this.....?
In yesterday's Delayed LRGS Trades we had trades in the ranges:
£178,000, £145,000, £82,000, £68,000, £63,000, £60,000, £59,000
All off-book!
These will not be traded. Just accumulated by a big player.
This is a game changing moment for UFO!
Like you guys, I am super interested to see the delayed trades. We sat at 530k sold for 2 hours earlier!!!
do off-books affect share price?
Rees,
136 million share traded today. But only 28+44= 72m reported.
Circa 50% of trades not reported to market
Yes and 1.3M of them are mine Shouston, and i'm not a big player by any stretch of the imagination.
What are they up to????
Wow! Good work Shouston :)
Ok thanks shouston.
What' I'm asking is,
do these off-book trades actually AFFECT the share price?
i.e. does a off-book buy mean that the price goes up slightly?
See here for definition
https://www.ig.com/uk/glossary-trading-terms/off-book-definition
Thisis what steveknowsnothin said:
Just ran the trade log from the stock exchange, around 44% of trades were tagged LRGS, which are deferred trades.
Large positions have been taken today!
Simple it dropped because 44% of the volume was done away from the book. MM's took a lot of what was sold and traded it away from the book.
https://ibb.co/zH9CYQ0
Yeah, basically if you sold today you made someone else who was rich, much richer.
*FYI he said that yesterday after 5pm (thank you steve)
yes, i know what an off book trade is.
What I am asking is if they affect the share price when they are conducted, or when they are reported, or at all?
My expertise just ran out Rees. Sorry
When or just after reported, surely?
Sorry Rees. I don't know.
Hope a technical person can jump onboard UFO and demystify this
From my experience this situation also occured on Rolls Royce. Many trades not being recorded on the day.
HINT: a few days latter a lot of RNS came out regarding GS increasing their holdings.
Needless to say RR shot up for a bit.
I think this smoke is good for us.
Is there not a lot of smoke and steam just before any LIFT OFF.
CU on the other side.
Cons of off-book trades
Off-book trades can have a higher risk of counterparty default, as there are very few rules or contractual obligations.
For some off-book trades, there is no official record kept at all. The drawback of this, is that off-book trading is often used by individuals looking to conceal their behaviour from others.
MM’s will always play the shady games to get shares, probably more so on AIM than anywhere else. The knowledgable hold and the weak sell.
GLA
Final attempt at a price drop from those naughty MM's before close of play