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The shorters inched up a fraction yesterday from 2.91% to 2.94%. They are just hoping and gambling now in a panic!
They are starting to get it very WRONG.
The MM's and shorters cannot hold this price down any longer. PFC management and processes are now functioning correctly and they are in money making mode.
Let's see this share price move as it should , upwards towards the £1 mark.
Soulboy,
You are right, SEE never giving enough info to convince those private investors to be confident
and to hold that bit longer.
The share price is back to where it was a few days ago. The value if this news, lost again.
I cannot see the share price getting any kind of traction without the offer of someone to buy the company.
Maybe PMG already knows something so he is not too worried about the current share price.
Clearview,
If the shorters had never been part of the PFC trading, the situation over the years where the share price has been in decline , would have been so much less dramatic.
The whole concept of shorting can ruin a company share price, which otherwise might have survived or no fallen so dramatically.
Shorting should be allowed, but only has an hedge for a long position you hold in any derivative form. That is, naked shorting should be banned permanently, as it was during the times of market stress.
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 ?