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This sp should not be falling at all. If this goes back to the low mid two pounds there will be uproar
The biggest faller in the ftse 100 is 4.97% the 5th biggest faller in the ftse 250 is ids at 5.7% making us the fifth biggest faller in the top 350 companies
Ids are the 4th biggest faller of the top 350 companies 🤣😢
The ftse is an embarrassment compared to the Dow
Kretinsky said he has no interest in putting a bid in to buy ids. If he decides there is no value to be had here and no dividend on the horizon he might change his mind. Or God forbid sell out. That would put the cat amongst the pigeons 🤣🤣
My friend at HSBC can't find anyone really shorting ids. He is mystified by the dramatic collapse in the share price. I think we are in a bit of a hole here. And it may take some getting out of. Be fascinating to know what Mr Kretinsky thinks of it
Advfn on Friday was 9 million buys 1 million sells
The buy to sell ratio on Friday was 8 million buys and 2 million sells. Most trades seem to be of a hundred shares or less. I'm baffled
A friend of mine works for HSBC on the trading floor. I asked him for his opinion on the collapse of rm shares. He is baffled by it himself. He told me its very rare for a ftse 100 or 250 company to lose almost a third of its share price in a matter of weeks with little or no news to justify it.
Yep my stock is down about that in 7 weeks. I won't be selling but I bet the sp won't go up anywhere near as quickly with no news as it has fallen on no news. Kretinsky has held nearly 30% for along time now so I assume he bought the majority of his shares years ago which would have been for a much higher price. Imo of course
So back to last July's share price, um, I've traded shares for many years and to be honest I've not seen a share price collapse like this on no news very often. And I have no idea why which is disconcerting. I hold 230k at a buy price of £2.06. I'm still in profit but even so. Its when I see many trades of 2 shares bought 1 share sold 8 shares bought 10 sold, even 0 shares traded that i get very suspicious and very nervous. I know Royal mail is only part of the whole but the whole is very profitable. I can't see Kretinsky selling out but his average buy price must be much higher than this. He must be sat on a considerable loss at the moment. Full year results will be very interesting.
By any standards this is quite a collapse in the share price. And no news good or bad to cause this collapse. I look at the trades going through and its like looking at a fantasy portfolio. I know computers are in charge now of the buying and selling. Its like they are playing games with each other 🤣
Thankfully IDS is far more than just Royal mail. Must be giving Kretinsky some food for thought though 🤔
Nearly 5 weeks now with only one day ending in the green. I must admit I never thought I would see the £2.30s again after hitting £2.90 a few weeks ago. And to be honest no real bad news to put it here. The mm are making a fortune here.
I think 7 billion 10p pieces is around 600 million pounds.
I would love to know what average Kretinsky is in for. He must be well down on his investment so far. I know its a waiting game but even he must be wondering.
I must say after seeing this sp hit £2.90 only a few weeks ago its quite disappointing to see it touching the £2.40s again