Member Info for chasf

The actual spread is a bit better within the quoted range, but it's still fairly big.

I know, but your suggestion was reasonably sound, if getting NT. It is a little tedious working out a good limit price, but my trade came in well below the limit I'd suggested.

Worked for me. You don't need to go as high as 10p. With a limit order, they're obliged to get the best price, not just use the limit (but just in case, don't actually say 10p).

I don't think they've got much available at all. Failing an immediate order, I just submitted a limit order for a bundle and they immediately increased the bid, presumably to try to fill it.

The FD didn't step down. The RNS announced resignation of non-exec who had once been FD for the group, some time ago, who had left to do something else, but stayed on as non-exec. He's resigned as a non-exec.

Patience should be rewarded.

I know. That's why I was disagreeing with the P&d suggestion.

If I were looking for a P&D I'd not pick a share as illiquid as this. Be lucky to make back the initial spread on the dump.

Misleading mcap too (surely!)

... one year ago!

Even given the points in the article, the amazing discount here is certainly one of AIM's little mysteries.

I'd later written more about it but (presumably) because I mentioned actual prices, not even live ones, someone deleted that post.

No idea. In fact, I came here to have a look when I saw this morning's mark down.

I've noticed many instances of prices moving outside the declared or expected volume/price on both bid and ask. I assumed there was some general change to the software or trading parameters. It was too consistent to be coincidence. Quants I know are always a bit cagey about what actually happens, even after a few drinks.

The curious thing is that they went to the trouble to be quoted on AIM and yet never seem to have taken advantage of it to raise money.

The 20k shares quoted is usually just multiples of the market size (20k here). With micro-liquidity shares like this one, it's not even advisory: the MMs won't actually take that much (nor will they usually have that in stock on the ask). A small sell might have got 4 but anything non-trivial would cause them to move the stops.

The H1 interims will be more relevant. I moved it to my SIPP ages ago because it was going to take time. Drop not too bad, considering it's AIM. Prefer the debt to confetti.

Well, that obviously got things moving. Nearly 9 and not a single trade? Pah.

Presumably the long delay between issue and admission was to give them plenty of time to flip & clear. I'm not sure why they felt obliged to issue a share-admission reminder RNS, unless it was to nudge some flippers who couldn't get a T+20 to get going on a T+5.

They aren't diluting themselves because they sold even before they got them last time. And this. That's why there's a discount to current price: instant profit.