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Tjay, I didn’t realise you’d been caught out but then I had actually forgotten how fast this has risen recently (hence my previous comment). I thought you’d sold some, seen the prise rise and bought back in, and increased your holding to cover the price rise that you missed out on. It seems you sold longer ago and, as it’s doubled in a little over a month, that lost price rise is significant. I’m sorry to hear it.
I’m shocked at the state of the rest of the market. It’s a bloodbath. There must be people buying in because their shares have plummeted and they see TGA rising. Yet still TGA gets no mention in the media that I’ve seen which suggests TGA is still flying under the radar.
Tjay09, I just stumbled across a comment by you on 19/1/22, with the data in the heading recording the SP as being 414.50p then, when you said:
“Just hoping with the disconnect that the pressure cooker is building in the share price ready for a 10% jump upwards”.
It was building and the price rose by 100%, not 10% (but I wish we hadn’t had war in Ukraine).
It’s easy to forget that that’s how fast it’s risen. Yet people have been saying since the summer that TGA is a cash machine and was due a revaluation.
You say that but it’s just broken through £7.60
I looked at the stock market yesterday and it’s a bloodbath eg Lloyd’s down 5.5% and a far too many companies down by the same or more. When things fall that quickly, the risers get noticed. I suspect that part of the reason for our relentless (so far) price rise is people spotting the risers and buying in, and spotting that the company is still good value. Some people will like the idea of in effect being able to use the share to offset their increasing energy bills.
If I may say so, it’s not actually benefiting at someone else’s loss. The seller thinks they’re better off out, the buyer thinks they’re better off in. They both think they are right but only one can be. You have to leave it time to run before you know who is right. However there are degrees of risk and some people identified ages ago that the risk in TGA was skewed heavily in favour of a price rise.
It’s currently 666.6 p. Beast of a share, this one!
I don’t know if they’ve fled. But I must say, I like quiet forums - I mean ones without ramping, for example.
Regarding those who have left, there was open poor person who bailed at £5 (I’m not suggesting for a moment that he was a ramper). I thought at the time that a classic mistake is bailing out as soon as you’ve made a good profit. fearful that you will lose it. I hope he bought back in.
When it broke the £6 barrier, I expected it to settle down I.e, to fall back to close to £6. I checked the SP expecting that only to see it continue to rise. I agree that anything above £6.10 at close would be brilliant.
£6.50 is optimistic In my opinion. Anyway, I prefer a gradual rise to a rollercoaster (oddly, the market doesn’t care about what I prefer).
I assumed it’d be an uncrossing trade but it’s showing as an ordinary trade, and the uncrossing trade is shown later. At 558.8p, it looks like a buy (but I could be wrong).
The volume for the day is listed on LSE as 444k (which excludes the £2m unknown trade of 280k shares which is odd). Another website lists the volume as 741k ie that website has included the 280k transaction. I assume the slight difference is due to other unknown trades not being included either.
The volume bought for the entire day is listed on here as 186k and that excludes the 280k transaction - if it is a buy, it’s larger than all the other buys today.
Regarding news coverage, my iPhone “Stocks” app - the Apple one, installed on every new iPhone - shows no news whatsoever under TGA - and it never has to the best of my recollection. Not the original negative report on day one, associated with the plummet from 150 to 110p, and nothing since then, not even after the 10% rise yesterday.
@Gubby
Thanks for that.
Just two companies declared shorts (as far as I can see) - Millenium International Management LP & D E Shaw & Co. LP.
“So initially was about 150p (from memory)...”
Yes, it was precisely 150p, and plummeted to 110p on day one of trading, partially due to the report that you mention claiming the company was worthless and partially due to funds being forced to sell (e.g. for ethical reasons or because they won’t hold small cap stocks).
My mistake - February, not January. The link shows one company having shorted TGA recently, starting in November (plus another company before then). Their position fell from 0.64% to 0.54% to 0.43% on 26/1/22 and 2/2/22 respectively i.e. below the threshold for compulsory reporting as of 2/2/22. If they are still holding, they got burned today (though I’m sure they can afford it).
“Shorters”, not “shortest”.
Hi Tedmak. I hope you’ve had a good day
; )
Regarding “...just trying to get an idea of whether there are shorters out there”, none are known but shorters only have to declare shorts when they are shorting 0.5% of the shares issued or more so anything beneath that would fly under the radar. According to the following link, shortest closed their positions in January: https://shorttracker.co.uk/company/ZAE000296554/
You know when you have a share and it’s down while virtually everything else is up? Well, here’s a quote from a news article (the 4th article today under “TGA Share News” on LSE).
Heading: “LONDON MARKET MIDDAY: Interest rate worries turn investment mood sour” (gloom & doom!).
“...The FTSE 100 index was down 56.42 points... The mid-cap FTSE 250 index was down 222.23 points... The AIM All-Share index was down 5.76 points... The Cboe UK 100 index was down 0.8%... The Cboe 250 was down 1.1%... and the Cboe Small Companies down 0.3% at 15,639.41”.
Wait for it. It gets worse:
“In mainland Europe, the CAC 40 in Paris was down 1.2%, while the DAX 40 in Frankfurt was down 0.5%...”
Makes you smile, doesn’t it?
Spartacus,
“I’m in Thungela”.
“No, I’m in Thungela”.
“No, I’m in Thungela”.
So people with their shares in an ISA are going to be taxed on their dividend, even though dividends would otherwise be tax free? It means that they will be worse off than if no dividend was paid.
I don’t see how as the total value bought for the entire day is shown as being £1.59 million. I’m happy to be corrected.