Member Info for Corryvreckan1

Shanta Gold website previously stated just September for H1 results but has now been updated to w/c 18 September

https://www.shantagold.com/investors/events-calendar/

The record date is based on settlement, which at T+2 means its holding the shares at close on the Wednesday to qualify for the dividend. The share register is updated on settlement, not on purchase. That's standard and required by the stock exchange dividend procedures.

Thursday is ex-dividend day, which means what it says - if you buy on the Thursday, or after, the shares are excluding the upcoming dividend, hence the price drop to reflect that.

And a smart trader on the ball yesterday morning might have spotted that and sold for a decent price after also collecting their right to the next dividend. Might explain the sell off during the first half hour or so?

Disclosure - I'm only smart in hindsight and was not one taking advantage of that :(

Yup, and apologies my first line should have said "total value traded" not volume.

Toffeecris - The UT isn't a sell of 6m, that's the total volume traded in the closing auction that takes place in the 10 mins after market close (and some auctions take place during the day as well). So buyers and sellers come together in the auction at the prices they want and as many trades are matched off as possible. The uncrossing trade is then the market balancing the auction volume (or something like that for the last bit). So the total matched yesterday was c.6m and if you look back you will see a similar line at the end of every day. It was marked by this website as a "sell" only because of where the UT ended compared to the spread (below the bid).

General note for info:

The stock market never reports the direction of a trade - whether you are buying or selling - it just reports it as ‘a trade’.

The Buy/Sell section on this site, and many others offering a similar service, is just running a simple algorithm to compare each trade price to the mid point of the reported spread at the time of the trade. If the trade price is below the mid point of the spread then LSE will display it as a ‘sell’, if above it displays as a ‘buy’, if bang in the middle or late reported then it's normally ‘unknown’. It's just a guess/indication that works some of the time but by its nature is of limited use.

In a stock like MKS where there is high volume and sometimes a fast moving spread the LSE algo can't keep up and so a lot of trades are displayed different to what they might be (and that's ignoring the fact that there are both buyers and sellers on each side of a trade). The total volumes displayed on here as either bought or sold should therefore be considered as potentially indicative only but more than likely not even that. Also note that no trades marked as 'unknown' are included in those totals either.

This is the official press release from Rolex (pdf will open/download automatically):

https://newsroom-content.rolex.com/-/media/project/rolex/newsroom/rolex/rolex-newsroom-int/about-rolex/rolex-acquires-bucherer/pdf/rolex_bucherer_pr_en.pdf

"The Rolex group is convinced that this acquisition is the best solution not only for its own brands but also for all the watch and jewellery partner brands, as well as for all the employees of the Bucherer group."

"The fruitful collaboration between Rolex and the other official retailers in its sales network will remain unchanged."

And the Registered Office is in Jersey so no stamp duty. Stamp applies to where a company is registered rather than to which market(s) the shares are traded on.

It's very odd testpack3. Today was XD so should have been gapped down c.58p/4% on open (all else being equal) but the market pricing seems to have missed it completely? It is marked XD on the stock exchange today and also listed on dividenddata.co.uk but wasn't listed on Alliance News nor IG for today.

I wonder if it may be because it is so soon after the announcement (RNS was just on 14th August) so it's not been picked up somewhere in time. The only other thing I can think of is that there was a separate reason for the market to want to gap the price up a similar amount this morning that negated the expected drop, but other than the nvidia bounce last night I can't see what that may have been?

Agreed CWWX, many Fund Managers will operate both 100 and 250 trackers so could transfer as many shares between them as possible to try to avoid excess market volatility, fees, admin etc. Other funds (and it's not just trackers) that need to buy or divest their shares will also sometimes have private agreements at an institutional level and do as much as they can through off-book transfers.

You don't always see a significant bounce after the rebalancing date (18th Sept this time), but you do sometimes see a rise towards the date as PIs expect an increase and buy into it in advance so it kind of becomes self-fulfilling. Sometimes also can actually see a drop after rebalancing as the process subsides and normal trading resumes.

When people say it will go up 5% because "the trackers will be buying" they only see one side of the equation.

Auto pdf download from Touchstone website:

https://www.touchstoneexploration.com/wp-content/uploads/2023/08/August-24-2023-Ortoire-Operations-Update-TSX-FINAL.pdf

or LSX weblink:

https://www.londonstockexchange.com/news-article/TXP/touchstone-announces-ortoire-operational-update/16096349

There are no RNS anywhere on this website (LSE) for the second day running so if you are expecting one from any other company then worth checking to primary sources.

Foot Locker results are released before the bell tomorrow so that could be another intraday read across here.

It 'should' be okay but it is just the indicative FTSE changes announced today, the final decision is not made until next Wednesday and will be based on MCap at close on Tues 29th.

Billzo - thank you for your reply. In the absence of any specific news it looks like the commentary included in the HY results at end Sept may be the next indication of where things are at.

I think you may be reading that table wrong?

This is the link to the FTSE Ground Rules. See section 8.3.4 - Reviewing companies (page 20) confirming the entry / exit criteria.

WARNING – this link will automatically open/download a pdf on your device:

https://research.ftserussell.com/products/downloads/FTSE_UK_Index_Series.pdf

It's also holiday time so court dates may take longer to schedule.

RNS is from 8th June. They don't need to update on each stage, unless there is an adverse ruling from the court. If approved, the capital reduction won't be complete until after they file the written court ruling with Companies House and nothing has been filed to date. If the court had ruled against it then they would have to tell the market immediately.

I therefore think the final hearing is yet to happen (unless in last 2 days and waiting written ruling). There may also have been some additional information regarding protection of creditors requested by the court in the directions hearing that is still being worked through (see 8th June RNS for caution on this potential matter, and also given the content of the 29th June TU) that may mean the final hearing is later in August.

Broadly similar to Admiral who also own Elephant and a few others, although they are both on comparison sites.

If the results this week - and Sabre got a read across uplift as well - are evidence of a turnaround from the poor results and reports over the previous few months, that might suggest we are coming off the bottom for the sector? Would Saga still want to sell AICL if they find a buyer at this time and risk a price reflecting that low level, or has it become a distraction from other priorities and better rid of anyway and to raise funds (subject, of course, to a satisfactory offer regardless, and shareholder approval of that)? I wonder if they might now hold off for a while?

Disclaimer – other than reading the various RNS about AICL I haven’t analysed the numbers in any way, just musing on market sentiment.

Changing the heading.

Paradisewanted - agree Q3 production report is next results expected on 25 Oct. Company website always the best place to get event dates, failing that an RNS.

https://www.fresnilloplc.com/investors/investors-information/financial-calendar/

An old thread got resurrected on here and then repeatedly replied to so now most of the first page of the forum looks like results are expected tomorrow. Those results the thread heading refers to were the HY23 already released on 1 Aug.

You are both welcome.

Alnwick – an even worse place to be if you’re not on a boat :/ The only time I went out on a boat it was dead calm so I missed the ‘fun’.

I guess good news in the near term would be about AICL, otherwise looks like waiting for HY results on 27 September as they don’t usually put out a TU before then. Although the SP currently seems to be defying overall market sentiment as best it can.

There is no factual data on this as the stock market never reports the direction of a trade - whether you are buying or selling - it just reports it as ‘a trade’.

Looking at the last 60 trades listed here on Friday I don’t see any that look to be ‘mis-allocated’, however, the point is that they can’t be guaranteed to be accurate, particularly when there is high volume and quick movements in the spread

The Buy/Sell indicator on this site, and many others offering a similar service, is just running a simple algorithm to compare each trade price to the mid point of the reported spread at the time of the trade. It's just a guess/indication that works some of the time but by its nature is of limited use.

Also important to note that none of the trades marked by LSE as “unknown” are included in any totals reported here (most trades that are delayed/late reported, or if the trade price is bang in the middle of the spread so that the LSE algo can’t ‘guess’ whether a ‘buy’ or ‘sell’, and some other trades, are all marked as “unknown”).