Member Info for DavidW2016

Yesterday you could only get a price to sell about 75000 shares. Today, I could get a price to sell 500,000 shares .

Let's hope the demand holds and increases over the coming weeks.

Where is the volume today.

It feels like it is about to explode and everyone is just waiting. I also note that there is no change in the short position since yesterday, well not for those above the 0.5% level.

Apollo Management have recently stepped back from two takeover bids for 'The Hut Group' and 'Wood Group'. They have plenty of cash in their coffers.

Maybe they will take a look at Seeing Machines and put in a cheeky bid. There is plenty of potential revenue in auto, aerospace and any product that can use eye-tracking technology.

One can only hope.

No one is saying it would be a £3.25 bid.

That is what it could be if Apollo made the same £ 1.7 billion offer, that is 1.7/0.522 ~ 3.25.

Appllo will certainly have the cash available now that the THG and WG. offers are off the table.

An appropriate price offer to temp the board could get the ball rolling. Followed up by negotiations and further offers.

If Apollo are in the market for a service company, why would they not consider Petrofac ?

If Apollo were to make the same £ 1.7 billion offer for Petrofac as they did for the Wood Group, that would equate to approximately £3.25 per share.

They would be getting more potential revenue for their pound if they went for Petrofac with all those contracts to mature.

When Apollo started the bid process for Wood Group many months ago the situation at Petrofac was risky and unclear.

Over the last few months , historic contracts have been delivered to PFC and their financial situation and future is more clear .

This is a changing picture which the wise investors at Apollo would have observed.

It is highly likely that have been making comparisons between Wood Group and Petrofac and concluded that Petrofac wood be a better investment.

This is only my opinion.

It seems that every company associated with Seeing Machines is doing well, from car companies to chip makers, but we still are languishing at 5.7 pence!

Still waiting for that promised shareholder value back in 2019 when PMG took charge of Seeing Machines.

It is the Uncrossing Trade. At the end of the day any trades still on the books are matched, that is, the buyers and sellers. A call period starts and electronic trading is suspended.

It is the price where the buyers and sellers can be matched.

"The indicative uncrossing price shows the price where the auction will uncross if there are no further orders or modifications to existing orders on the order book."

The call period is random to ensure no person can take advantage with regard to the UT price.

Petrofac is now worth 340 million!

Anyone want to buy the company at a knock down price ?

We will chuck in 11 billion in contracts for starters.

The buys outweigh the sells by 3 to 1.

I know they are not always right because the bid-offer spread is moving, but 3 to 1 shows ther is something VERY wrong here.

The large value buys seem to have little affect on the share price. However, a series of low value sales quick brings the share price down.

It is a MM con.

It is the same play all the time. The MMs run down the share price for the shorts to close. It is obvious collusion. The FCA are most likely aware of this game but are not interested in intervening.

I can see some logic in your analysis, but the after hours trading for the previous day , MM' buy/sell whatever, does not guarantee the reverse trading the following day. What if the MM holds the stock for more than one day?
I am not having a go at you, just trying to reason your analysis.

Ok Maverick,
Explain what you are talking about please.
Where do you get the data to infer their are trading gaps?

Gap, yank down - what are you talking about mate ? Tosh

Maverick, if everyone could see the gaps then you could never lose. I think you are just guessing/ speculating like many. But there is nothing wrong with that - it is called gambling.

He may be talking about the limit orders which I believe are visible if you can view Level 2 data.
But these limit orders can be cancelled at an instant.
Can you explain Maverick ?

And where are you getting this gap data from?
And data is obviously not static, so what are the dependencies for this gap data ?

As many of those shorters under 0.5%, who do not show up on the FCA short Report, start to buy shares to close their respective positions, it will put further pressure on all the other shorters to buy.
The shares are also now in demand from private investors too who are coming back into the market for PFC.
This great demand can only help the share price rise as quick as it fell!

I have only just managed to look at PFC , and what a nice surprise, a 10% rise.
I guess this was always expected in the new CEO's play book.
Get all the bad news out, get a new baseline for the results and then kick off with all the new contracts!
I hope we get a steady ride upwards as confidence builds in the company and new management.
Re-entry into the FTSE 350 should be a further boost.