Member Info for chasf

I don't know: two groups hit Quindell (QPP) several years ago, an Irish group that kept getting it wrong, and Tiger, which was ruthless and kept it going for a full year, rinse & repeat. Old Mutual seems to be somewhere in between. Given the short increase in august I assume they decided it's overvalued and held up by sentiment.

Old Mutual's will be a professional short, not a retail punt, and in the absence of volume, they (or "a friend") can sell small chunks (relative to their 0.95% short) to keep the MMs dropping it, since the market size is only 50,000.
Pull back if there is volume on news, then resume.

I wonder what their short position price target is.

Good question:
1. the result of Old Mutual's short, if they are trying to enforce it
2. it could just have been taken down for a large buy
3. a rinse-and-repeat cycle by bored MMs
4. a traditional "background seller" (but periodically there's a quick run up
They've certainly worked it down the same way at least thrice during the last fortnight.

I meant "Last Trade" not "Last Price".

If anyone else is on IG.com, using either the web interface or Android app, what price is displayed on the transaction ticket (buy/sell interface) for EVRH? I'm not interested in live prices (i've got those), it's the way they are displayed.
For EVRH, uniquely for the shares i monitor, the prices on the ticket are rounded up, and this has been true for weeks.
Thus, instead of (say) 7.3 / 7.6, I see 7 / 8; same with Last Price. I reported it to IG and they can't reproduce it, which seems bizarre to me, which makes me think they aren't looking at the right thing. Anyway, I thought I'd ask round.
It doesn't happen on anything else I monitor, just EVRH.

Given the round numbers and interarrival time, looks as though that might have taken out a few stops. If it had been a proper short attack, I'd have expected them to build it up, then suddenly let go, not ride it down and then drop it some more.

Or 16.50. I'm surprised someone would shed �10k at 15.80.

Yes, I agree. Currently volume is on the bid, but last few days a seller appears at 17 and drops it back.

I can buy, but it's above the quoted ask.

I wasn't suggesting a conspiracy, just that the price action was a little unusual, but since then it's dropped further so it's just persistent selling, I suppose, although it seemed to level off twice round 3p.

More interesting, I get the impression from the last few weeks, someone is very keen to have this trading round 3p. I wonder why.

It's more obvious on SETS, where everything is a strict trade (buyer and seller instantly matched). With MM-traded shares, the trade is (usually) via an MM, so there's a buy/sell direction relative to the MM (ie, buy from MM, sell to MM). The Exchange could have added a bit to say which way it was for a given trade, but didn't. Since the crowd likes to know, sites like this simply guess, depending whether it's above or below the mid price, but when the advertised spread is big and the actual spread is much less within that, it's fairly common for the prices to sit one side of mid or the other, and you have to look at the actual range of prices to work it out yourself (which the sites could also do, but I've never seen one that did). cunning MMs sometimes buy and sell at mid, leaving everyone none the wiser.

It does look like a good prospect for an RTO, probably much better market than the original financial stuff!

Sorry, didn't mean DABS but the late COMS (now REDS, with substance not froth). Ha ha. I ought to add that I don't always pick troublesome shares, in case you'd now started to worry.

I've been in SRON for some time. I don't post often on LSE though, at least compared to DABS and QPP days.

I assume the spread is high because there's little in free float.

The actual spread is less than 18%, although it's still high, and this is not one for day-trading.

A £6.7 mcap just seems a little low to me for a producer.

I've bought today, myself, and expect to do ok on it, for reasons K3VMC has given. Just missed a great price, but what I got will be fine.