RE: A word from Malcy...14 May 2019 21:01
Not a chance zeus... the 250k is a stone cold buy and was actioned at 10.05 as per the time stamp, couldn't be more clear. It is the reason the bid and the ask both jumped up significantly for no apparent reason at that time, I even commented on it before it was shown.
Couldn't be more clear ... At 9:38 there was a buy at 16.5 for just 10k shares ... next trade shown live at the time was at 10:19 and 17.145 was paid for just 14581 shares.
Clearly there was a buy order in between those 2 that drove up the price... the bid also shot up at the same time.
A delayed trade then shows up from 10:05 for 250k shares at 16.95 ... that's the reason and it's a buy.
I don't see much of a reduction in SP today tbh ... Bar the mms dropping it on open and one or two fancying their chances selling a few low but getting mugged, it was pretty solid all day.
You do see that the displayed 16p bid, 16.75 SP/mid and 3.74% drop is not correct ? ... actual bid at close was 16.75 and it was around 17.4 to buy. That is on par with or higher than most of the last 3 sessions.
Bullish in more ways than one imo and sets up nicely for some Ortoire focused news flow and run up to spud. GLA