Member Info for bradis

It’s like running a bath with the plug not in.

mt, I'm not sure I understand your last paragraph: "The market makers make money by ensuring that their average selling price is above their average purchase price so when they sell a lot of shares they have to take the price lower to be able to purchase the shares back again at a lower average purchase price." My understanding was that if they sold a lot of shares, then they would have to raise the price rather than lower it in order to encourage people to sell shares back to them. The effect of the bid-offer spread is that they are almost always buying back shares at a lower price than what they are currently selling them for so they are always making a profit no?

Yep it's all done by computer, with the odd bit of human intervention I believe.

I fully get MM's are here to make money rather than make PI's a profit. But when I see repeated buys and the SP's not budging at all, it really stinks. You look at a main market listed stock on SETS and the SP moves a lot more fluidly. This is a fairly liquid stock as you say and the MM's shouldn't really struggle to sell shares if they moved the ask up IMO.

After all the MM's can price this any which way they want...

It seems it's the sentiment of the MM's rather than fickle PI's we need to be concerned about!

Doesn’t matter how many buys, the MM’s aren’t moving this up. Maybe the shareholder action group needs to have a word with the FCA as well?

You’ll take a punt even though CH is making a mess at it, so you say. Isn’t that a bit contradictory?

CH’s last tweet was on 22 Feb on Bitcoin?!

Bearing in mind recent SP performance I doubt anyone would want to buy anymore shares if there was another placing. The SP is low enough as it is. I just want INA to take the company over now, seeing as Slovenia.gov seemingly don’t give a monkeys about giving us the IPPC permit and even with the permit we still need to arrange debt finance (will banks still be willing to lend?) or some sort of strategic partner to make the whole thing work. Fortunately my average is not too high so I hope to make a bit of profit on a T/O. Certainly not keen on realising my rather substantial paper loss right now!

I wonder if the Slovenian government is even aware that AST has initiated a strategic review and has effectively put itself up for sale and can be potentially bought out by a non-Slovenian company and have its gas transported across the border (at least until the licence renewal)? We had hopes that the SR would have hastened the arrival of the IPPC permit, but still nothing! The whole situation just defies any logic.

Whyast, my thoughts exactly!

I absolutely agree that INA will be involved but the fact that AST is debt free (and low mcap) must make us vulnerable to a T/O at the moment. Perhaps INA would prefer buying AST to remove the threat of a hostile bid?

You have to write to your broker in advance to instruct them to vote as they hold your shares as nominee. If you attend in person you have to get a letter from your broker I think.

Don’t think*

1stTee I don’t there is much he can say if a T/O is happening as all talks must be kept strictly confidential under the Takeover Code prior to the announcement of the offer. All we know is that the company has received several expressions of interest. Interested parties are now conducting their own due diligence on the company and they will reach their own conclusions at the end of that process. So investors will be the very last people to know what’s going on I’m afraid. As frustrating as that is, it’s actually the correct legal position vis-a-vis the SR.

What’s your view on a possible offer price 1stTee?

Why sell now?

Interested large sells. We’re being held down here?

TPT, I’m all for accountability of the BOD and remuneration linked to performance. Something which the finance sector, in particular, has had to move to after the Fred Goodwin scandal.