George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The IG have upped the margin is simply because the share is much more volatile.
It was 9% for premium clients. The stock has been moving 5-10% a day. So the margin no longer covers the risk. Non volatile stocks and indexes, etc, that move 1-2% a day requires 5% margin. Highly volatile stocks require more margin. It’s as simple as that.
No conspiracy that they increase margin because they know a bid is coming.
Clients with big positions already know this is coming. I don’t think it will affect the sp. and even if it does, it will be temporary. The sp wil eventually do what it will do anyway.
Healthy pick up in volume.
Clearly ran into sellers, either shorters or profit takers.
But buyers clearly still around.
Good to have a bit of steam release before the next big push.
Not disgruntled, still predicting over.r £1 by Friday.
I have been following (and invested in) THG for nearly two years. It has proven itself to be a very leaky ship.
It has moved up before a “surprise” bid twice. It has fallen before bid rejections and before negative news, such as bad trading updates.
I, therefore, would be amazed if nothing is imminent. I just can’t believe sentiment has changed to such an extent that it is moving up in this way without a major announcement on the way.
No idea exactly what. Im hoping for a bid battle!
Stockbroker
Thats fair enough. But at that stage THG stops becoming a bid target.
They become fairly valued.
Im saying, theyre not going to drift up to £2 organically, and THEN, get bid for at £4.
Monty,
I'm as keen for THG to go up and then get bought as the next man.
But if you really think its going to drift up to £2 on nothing, and then get bid for at £3-£4, you're living in cloud cuckoo land, not China.