Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Bothy Tilly & Mac give absolutely amazing information to this BB and have explained why Buys & Sells can be classified incorrectly by the algorithms depending on the median price at the time of the transaction. They then also went on to explain (some time ago now) that if the transaction was exactly on the median, then the algorithm couldn't identify it as a buy or sell and therefore it was classified as unknow. I then have taken this a step further and monitored the trades to verify myself some of the information.
I would like to add that as per Jaffy's post, none of this changes the end game which most of us are here for.
"I and no doubt many others prefer Tillys interpretation as its upbeat and very amusing
Neither interpretation will change the end game"
This is neither a ramp or deramp it is just a different opinion
Casper
sorry,
8.39am 200,000
8.59am 29,999
8.06am 215,437
8.34am 250,000
10.02am 100,000
10.34am 40,000
11.04am 1,652
11.04am 6,597
So these all add up to 843,685. They are harder to identify but if you keep an eye on them over a period, you can see that there are no missing transactions today.
It's just maths
casper
Ok, so this is a snapshot at 11.37am based on the figures available on level 1.
Cumulative Volume = 8,518,239
Sells = 3,128,200
Buys = 4,546,354
Difference = 843,685
So the difference is being classed as MIA shares. But over the morning I have been monitoring the Unknown transactions. i.e. those at the median price which cannot be identified by the algorithm as a buy or sell, or, those transactions that are declared late and usually will be classed as Unknown. The unknowns today are as follows:
8.39am
There are NO MIA Shares.
There are 835,436 shares that have been classified as UNKNOWN and they, together with the classified buys and sells = the cumulative volume.
The unknowns are as follows with timestamps
8.39 - 200,000
8.59 - 29,999
8.06 - 215,437
8.34 - 250,000
10.02 - 100,000
10.34 - 40,000
Casper
The problem with Covid is that we seem to be behind the curve ball the whole time. It seems that we don't learn from other's mistakes and that we don't react quickly enough to stop a problem escalating out of control. We also seem to have too many people across the world saying "It's not us, it's them" not realising that unless the act correctly, then "Them" becomes "Us". I'm in Tier 4 but you wouldn't think it by the way people are acting around where we live. Neighbours have multiple family in and out all the time.
Anyway, wishing everyone seasons greetings, whatever your creed or believes and here's to having an update by 31st December to put us in good stead for the New Year!
Casper
Having
Just a reminder that the 8.3 and 8.5 RNS's are not released by the company BUT by the Corporate or Individual that has to make the declaration. So the timing of them is immaterial to anything that the company would release.
Casper
8.3's & 8.5's. These are regulatory RNS's which are released by the company required to report any relevant transactions.
We usually get the 8.5 in the morning after 11.00am. This is to report any share transaction that has occurred under UBS. So if there were no transactions yesterday through UBS then there wouldn't be a RNS today.
8.3's usually are reported in the afternoon by the institutions - i.e. Blackrock. Because BR have a holding of more than 1% they have to report all share movements from the day before. We would expect one of these daily.
So EUA don't issue these and have no influence over them.
Casper
Foxy,
Not so much a pattern as reporting requirement. So because they have over 1% of the shares in issue, they have to report all transactions. UBS have to report all transactions as they are involved in the FSP. Phil Taylor had to report all of his transactions up until yesterday as up until then he had over 1% of shares. Compared with other companies going through a sale, the number of 8.3 and 8.5 notifications that we get is minimal. We also know what time the institutions release their RNS's and so it's not really a shock.
Casper
Sharequests
I don't think that you can offset CGT against IT or CT - not the sort of suggestion that you should be putting out there.
If you have a CGT or any other tax implications, it's always a good idea to speak to an expert. If you have made that much money to need their services, then the benefits will outweigh their costs.
Casper
Tilly
I fundamentally dispute your MIA shares. I only have access to Level 1 information, so maybe it's different on level 2.
However, the information available there is as follows
18,437,722 cumulative
8,112,516 sale
8,625,211 buy
We then have had during the day 1,699,995 unknown transactions, i.e. on the median and therefor cannot be tagged as either sale or buy. This adds up without any discrepancies to the cumulative.
A point to note also, is that during the day it appears that some of the unknown transactions were later tagged predominantly as sells from recall. I would ask if these are therefore included twice in the cumulative totals but that is another exercise.
Casper
B1ll, i don't think so. The figures have gone up slightly since so here are they are updated but rounded
Cumulative = 5.04 million
Sale = 3.96 million
buy = 0.27 million
unknown = 0.81 million
remember that the algorithm tags the buys and sells and so their volumes are to be honest immaterial. The Buy/ Sell volume in total is 4.23 million
I just did this as an exercise and came up with a different solution to the MIA shares.
Casper
Sharpeye52w - there are no missing trades today. I have been keeping a close eye on them and they all tally as follows.
Cumulative = 4,976,760
Sell = 3,891,919
Buy = 274,763
Unknown = 810,078
I have a list of the unknown when they occurred , this does not include the 1.6m that has been pointed out related to a rollover yesterday. So my figures all add back up to the cumulative figure as shown on the data front sheet for EUA.
Casper
"Sea of Red and SP going up doesn't make sense .."
As per the discussions this morning, the tagging of a trade as to a buy/sell/unknown is related to the median share price at the time of the transaction. It is an algorithm. As proved with many algorithms - it is not fool proof. Hence an apparent sea of red on a rising SP.
Casper
The RNS on 12/10/2020 did not read as a speeding ticket although it did have the effect of putting the brakes on the SP rise.
If you want to read a real speeding ticket, have a look at ESL yesterday.
Most things in life are about perception and interpretation and everyone's views are different. It's only by sharing and discussing these that we can better understand.
Have a good day everyone.
Casper