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I reckon we will see some buyers come in around the 48/49p level, should we hit that price range.
In fact I know we will, at least for one investor anyway :) GLA.
Crazy swing on small volume these few days. This will come good sooner or later imo.
Schroders and Redwood Capital both been adding these few months is good enough for me and a clear direction of IIs support.
Dyor,imo
I seem to remember you said you were going to bottom draw this one for a couple of years, not that long ago?
Anyway, no harm in changing your mind if that is how you feel. Good luck with your other and future investments.
Well, that's me out. Putting what little I have left here after a~ 60% haircut. All that's left in the bottom drawer is a 1988 copy of Rustler and a few mothballs.
Have to laugh- i sold on a limit 52p and it sold me at 51.7. Now the Ask is 52. Will go up nicely now i'm out.
GLA
Gut feeling was right. Will be interesting to see if we can get back above the 50 DMA before the close today.
I wonder if we have a short(s) increasing their position?
Still scratching my head over the TRS short. Does anyone here know much about them, beyond the basics on their website etc? An arbitrage play perhaps?
In truth, it has given me pause for thought, more than it might otherwise have done with more familiar shorter names. Would not normally bat much of an eyelid with a sub 3% short interest, and at the time of print it is an insignificant percentage. Hence my arbitrage comment. Going to keep watching for now. Still got the small core position, FWIW. GLA.
Nope. Looking to see if it holds the 50 DMA. Feels like it wants to go lower IMO. Also feels like another little trade might be close at the same time, so am watching closely now.
Might not happen of course, which will be fine too. Lots of key economic data coming up this week. No need to chase in this market, to my mind. GLA.
Today looked like price was dropped just searching for stop loss positions. Did anyone buy today?
It is not stable enough to be correlated to anything apart from a push from institutional investors or the size of the throng of traders on the day from what I see. Certainly not the US job market.
Sp still weak today. but this could reverse at any moment. US jobs number out in the US was quite hot. this could cause a market drop / correction of 10%. be careful.
Nobody cares
Vanquis Banking Group PLC ORD 20 8/11P
GBR
06/06/2024 Completed Investment ISA Buy 17,982.0000 £9,999.77
Vanquis Banking Group PLC ORD 20 8/11P
GBR
06/06/2024 Completed Investment ISA Buy 26,977.0000 £14,999.87
Vanquis Banking Group PLC ORD 20 8/11P
GBR
06/06/2024 Completed Investment ISA Buy 17,160.0000 £9,599.72
Hi DBNO,
I bought in at 1620 with my 34600 but in 3 lots. &10000 £15000 and £9600.
Average 55.3.
When i tried to buy 34600 in 1 go the buy price was 55. 8, when breaking down to smaller amounts i averaged 55.3.
Lets see what tomorrow brings.
Good luck all
Heres a dip BlindLeadBlind. 55p. going a bit lower before end of week? mmmmm
Hi Compound,
Best of luck mate, the big day will come for sure, you just need patience, am just trading the dips as she recovers. I still have 2 VANQ positions left to sell, approx 76K pounds total. If i can turn that into 80k in a few days or a week or so i would take that.
Am still trapped in lloyds high I need mid 60s to think about recovering that bad choice of investment. VERY BAD.
Keep the faith, this share is not a dead duck, just wounded and now out of intensive care. Give her time.
Nice one Blind, good trade. Profit is profit. I am holding for bigger gain hopefully. Do you have more loads to sell? If so, what time targets u looking at? And at what price would u buy again?
Will see how this goes for a sell today or tomorrow.
Maybe a late rally is coming like yesterday.
Will watch the next 20 mins
Schroders Increase 1% to 15.09%
Just squeezed it in.
Vanquis Banking Group PLC ORD 20 8/11P GBR
04/06/2024 Completed Investment ISA Sell 59,829.0000 £34,485.85
Vanquis Banking Group PLC ORD 20 8/11P GBR
31/05/2024 Completed Investment ISA Buy 59,829.0000 £33,438.24
Bought 59829 for 33438 last friday about to see if i can make a grand just under a week on that deal.
Fingers crossed
Millennium International Management LP closed their shorts from .85% to 0% on 31st May on the same day an II sold out significant volume (11Million trades) causing the share price to drop to 54p.
MIM smart to lock-in shorted profits.
What a coincidence, no inside information there... some leaky information.
imo,dyor.
I am guessing the seller on Friday was Davidson Kempner who reduced holdings from 6% to 5% on 16th May.
They must have sold the outstanding 12.6million shares they had. Which is similar scale to the volume on Friday.
Interesting question is who bought those from them?
IMO,dyor
We now know it was a £8M sale on Friday. Curious who sold and who bought.
Glad it was a quick buy/sell transaction and not a slow drip. Obviously someone wanted to take the shares off the II that wanted to sell. We can now bounce back to higher levels pls.
IMO,DYOR.
500k buy @56.7p
Could it be director buy? After the £5m sell off, expecting an TR-1 notification on who sold and who bought. Hopefully sold to solid buyer who believes in the long-term of this business and leadership team.
Significantly undervalued. It will correct itself over time. If you want short-term catalysts for a quick trade, find another stock. imo,dyor.