Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
Dartron, it wasn't that many moons ago that you were touting a possible 100% gain in BEN once a bottom had been established - your post 27th July. The Atlantic Coal history of Adam has been around since the shares were listed and therefore whilst you were also a holder. You seemed happy then and especially as you consider yourself an experienced investor, but now you just seemingly want to diss the share in a very subtle way. Suggest you now disappear without further comment otherwise you will no doubt display further hypocrisy.
Maybe just use Google!!
https://aim-watch.com/project/price-monitoring-extensions-explained/
Thanks for all the info Eddie.
I have to say your last link is the most pertinent - BEN really does not have a shorting problem IMO.
Met Prices, Lack of official Numbers, JS margin call - all are reasons why BEN has struggled. Ultimately, though, it has offered a great entry price for top ups etc for long term holders.
Banzai "Stock dumping was not confirmed as complete."
Why is there such misinformation and a plain lack of knowledge about these things.??
Stock dumping is never 'confirmed' as complete. Once a holding falls below the 3% threshold there is NO further obligation on the holder to report their position. Do you report your buys and sells at a fraction of one percent?? NO plainly not!!
The current SP has been driven by a forced seller and by a decline in the Met Coal price (which is likely to rebound once China comes off its hols). Nothing to do with 'hesitance in answers' as the vast majority of holders probably did not even watch the SR interview.
I agree with that Dartron. This is providing excellent consolidation. The 37p we hit this morning IMO is the bottom as Level 2 had 7 MMs sat at 37p. It was always going to bounce off that level. Hopefully it won't dip below that now. An increase in the met coal price will take BEN with it and we can expect this fairly soon.