Just checked in twitter, yesterday’s jump to 9p was due a serial ramper called Rick and few others saying 200% coming, he is now gone quite and I am sure he will repeat the same thing once sp back below 7p
Standard life selling all of their 6% holdings from the look of it, whenever buyer runout at certain price, mms drops the ask, clear sign of big sellers or placing
Yesterday you guys paid 9p to 13p, today 7p, end of the day 5p and very soon 2 to 3p coming, there could be a placing at a discounted price to avoid being in breach of bank loan and contracts
While GMS believes day rates will recover over time, the firm warned that several of the factors hindering it in 2018 would continue to impact its day rates into 2019.
"As a consequence, the company does not expect a recovery in its trading performance in 2019 despite continuing improving levels of utilisation. The timing of recovery in day rates beyond 2019 remains uncertain."
GMS said the delays would also have an impact on its rate of deleveraging and ability to repay its scheduled increased debt repayments from 2020 onwards.
Fed interest rate hike meeting at 7pm, so there will be a sell off in whole market toward closing today, 5p easy today as it only went down with all this buys