RE: Next results ?25 Jan 2021 21:45
jaffjoon, HL is unlike my usual stock with the number of trades measured in many thousands per day.
The numbers make the spread so volatile that it changes within seconds. The frequency is exacerbated by investors using computers to trade for them automatically. Any trend up or down will trgger hundreds of limit bids in that direction and if you look at HL trades (a measly 4046 today) you see 99% are flagged with an A indicating an autoatic or computer driven transaction.
Now compare that with TLOU where the spread remained constant all day today.
15 trades with a spread of 3p to 3.3p and an average of 3.15p which was never paid so no unknowns!
I'd bet good money tat all 15 were correctly assigned as buys or sells.
Also notice that all 15 wer type O i.e. trades from investors manually entering their buy/sell in real time with knowledge of the prevailing spread.
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
25-Jan-21 15:16:36 3.281 54,617 Buy* 3.00 3.30 1,792 O
25-Jan-21 14:02:27 3.285 30,320 Buy* 3.00 3.30 996.01 O
25-Jan-21 13:08:17 3.24 17,333 Buy* 3.00 3.30 561.59 O
25-Jan-21 13:04:41 3.192 54,303 Buy* 3.00 3.30 1,733 O
25-Jan-21 13:01:34 3.192 219,111 Buy* 3.00 3.30 6,994 O
25-Jan-21 09:32:56 3.00 100,000 Sell* 3.00 3.30 3,000 O
25-Jan-21 09:31:22 3.018 200,000 Sell* 3.00 3.30 6,036 O
25-Jan-21 09:28:03 3.14 205,000 Sell* 3.00 3.30 6,437 O
25-Jan-21 09:26:26 3.285 76,103 Buy* 3.00 3.30 2,500 O
25-Jan-21 09:25:02 3.195 156,244 Buy* 3.00 3.30 4,992 O
25-Jan-21 08:39:52 3.135 151,424 Sell* 3.00 3.30 4,747 O
Automatic trades appear to take no notice of dividends - people rely on the current prices to drive their deals.
On the 1st we will hear the value of the next dividend (if there is one which is likely) so the price is high in that expectation.
On ex-dividend date the price usually drops by the amount due from the dividend .... but because of the automatic trades it sometimes does not happen until the canny ones sell on O trades , lower the price eventually and then the A trades kick in and drop the price by several pounds.
The manual investors can then buy back in and receive extra shares for the same cash.
If you look at the Historical charts you can possibly see the gains and losses either side of the dividends.
I have been selling HL and buying CBA on ASX for their dividend , and then come back to HL - but the awful sp on HL after Peter Hargreaves sold 25% of his holding means I'd have to take a loss - so I hold here and hope my average price is surpassed one day. Pre-dividend used to produce a sp of £20-£22 but will we get back to those days? I dunno - I hope so!
This is my opinion and I don't profess to be very knowledgeable, so DYOR , and be lucky! The very knowledgeable keep it to themselves to take advantage of people like me :O(
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