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Again if you believe in them a 500 code has just come in which means:
"Gap the stock."
The Gap should be in the direction of the trade so in this instance the trade was a buy so the gap should be up - fingers crossed the codes are genuine and not just punters trying to influence the price.
I've never seen a 1 code or any other code reflect in a share price movement so far, so I'm a little sceptical that MM's still use that as a way of signaling - my instinct is that its mostly traders trying to influence volume. But on this (and several other occasions recently) there is no code that I'm aware of with either the price or the number of shares, so all I'm left with is that its a genuine trade, just can't get my head around them.
Just a general question here - I wonder if I'm missing the point on something:
If you take the trade at 11:27:19 of £11 ish , can anybody let me know what the point of that trade is. As far as I can see you pay £8 to make the trade, take out the spread and you need a 100% increase to break even - without factoring in any cost of the trade needed to sell. Presumably nobody is making a trade expecting more than a 100% increase so what am I missing here?
Calculated a company is valued on potential not just its current balance sheet. Uber for example if valued at $74.94B , but permanently makes a loss with the total loss in just Q1 2019 of $1.034B. Most people invested here see the valuation as fair given the potential of the technology. It'll all be pointless if the company run out of cash before they land revenue generating contracts, but following the placing they are funded for the foreseeable future.
Thanks Mark. I know the report on buys vs sells is a best guess by in this case LSE. However, I was assuming given the large discrepancy that there are likely more buys than sells here, and I'm wondering how that actually works in practice. Or are you saying that is not the case and Sells vs Buys must be balanced?
Appreciate this is probably a question I should already know the answer too, but how can there be 40m more buys than sells - where do those 40m come from if not from sales of shares. Are they shares being held by the MM's?
I think it's great that they choose to update the market frequently. I'm in other stocks that give out no information and the prices just drift lower and lower. I much prefer an update even if there isn't much to say.
Jambon I thin Glen is referring to this part "subject to the satisfaction of certain conditions". The conditions aren't included in the RNS so there is a little grey area there. However, personally I can't see why this won't go through especially now that Avni is joining the board. Seems nailed on to me.