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Difficult to tell what happens here.
One minute the market seems to indicate a deal is off and sells heavily. Then, CitySpy starts tweeting again, a few retweets and comments, a few buys and the deal is suddenly back on.
If you were to be cynical you would probably be wary of CitySpy's intentions, but the various articles about Apollo wanting to secure a deal seem to back up what he says. If a bid does come, itll have to be £2+.
The FCA doesn't care, shorters have been allowed to run riot, company after company, director after director have been allowed to be involved in fraudulent activity within the markets for the last few years, whether it's main market or AIM. Ultimately, as with anything in life, it's the regular guy or girl who suffers.
MPs don't care either, neither does Rishi, none of them do, all they care about is filling their own pockets.
It's a power play to get Moulding to sell up at chumps price - it's not a coincidence that the annual report contained referenced to the previous bids not being acceptable.
It's basically the establishment trying to show Moulding that he can't win, they'll keep attacking until he just gives in and sells for around £1.50.
Could go either way at the moment.
Big increase in a position, interesting, 10% to 26%.
And M&G taking 3.7%.
B1nky, everytime I try and give you the benefit of the doubt when I read your posts, I realise I'm just being stupid. Either there is something clearly wrong with your understanding of the financial markets, or you do infact have an agenda.
Bitcoin will eventually run past 100-150k at some point, but it will take a few years, but as with all significant changes in history, it'll become the norm in society, but as with most things, price discovery is important, as well as flushing people out at lower levels during times of economic downturn. It's pretty obvious that larger organisations will be using this drop to add BTC to their balance sheets.
As for the IPO target, the world has changed for the time being yes, but the world changed in 2000, and in the 2008, and eventually got back to normal again. Amazon dropped from $4 to $2 during 2008/2009, does it suddenly mean because the world changed, it was worth face value in the long run?
The world changes but the markets NEVER change, if you have a business that can generate revenue at a large scale and revenue above their MCAP, you are likely to be on to a massive winner, these companies that generate huge revenues take a little while to sort their profits out but when they do, they become absolute monsters. Meanwhile some businesses can't even generate revenue at 50% of their MCAP!
I actually don't know why I'm spending my Sunday morning typing this post out, I'm frankly shocked at the level of understanding of basic economics.
Rock, you are either taking the complete p!ss, or you shouldn't be in the stock market.
It dropped at 3pm because of the AGM RNS, AGMs are 99% of the time a non-event, meaning traders hold on and sell after the RNS should there be no substantial news. It's also a Friday, traders sell off on a Friday.
With the drop, PIs also start panicking and selling, suddenly the bid falls through the roof and you drop 10p in an hour, since no one wants to be left 'holding the baby'.
Add that to the figures coming out of the US and you just get a massive domino effect.
You're right, but if you have a feeling to sell, better to just sell and get it over and done with.
It makes 0 sense to plan a sell at a lower level, market makers feed off pushing a share price down to NT, then letting the same idiots buy it back and push it back up. More trading volume, more transaction fees for brokers, it's a win win for the big boys. Before you know it, you sell for £1.29 and the share price is back at £1.35 2 hours later, where as you could have sold for £1.45 last week.
The market is rigged, we all know this, but we cause the pain to ourselves. Look at what happened over at CLON recently, huge placing, share price moved up in order to encourage buyers, rampers all over the different BBs, Twitter, placing shares being dumped, then a duster revealed within 2 weeks.
The MSCI explains the drop over the last 2 days, and it's vice versa for other shares.
If they need stock to fill the MSCI, they drop the bid and fish for shares.
If you look over at EUA for example, they needed buyers for the big dump, so they falsely raised the ask to intraday highs of 9p all day long to encourage more buyers, and then dumped loads at 7p at close.
The MSCI has no relevance to the bid, but can only be a good thing for the share price because more shares are in tighter hands.
It's likely being done to make this so called £2.50 seem reasonable, if you start building a story around the downgrades, whilst manipulating the price down via shorting, you can make it seem plausible that £2.50 was in the best interests of all shareholders.
I believe at this stage, a deal will be done, but it won't be higher than £2.75, which is really the most disappointing for PIs who hold from much higher averages, institutions would have been shorting it all the way from the highs so they won't really lose anything.
The UK market is just a cesspit, long term investing is a dying art and probably the easiest way to make money now is to be a short term trader.
Give me a break about you aren't pushing £2.50, you and other new accounts have been fixated on that number for the last few days, like I said, make it a bit less obvious? £2.55? £2.60?
Hostile or cheap takeovers always have a level of manipulation attached to them, whether it's through shorting pressure, or individuals pushing a certain agenda.
Don't get me wrong, I'll be delighted with £2.50, I'm in at £1.41, I'm not a LTH and I've just come in for a quite obvious trade, anyone with a bit of market experience can see that a takeover is about to happen.
You tell me Binky, it isn’t a coincidence is it.
Share price IPOs at multiples, short pressure pushes the share down, PIs get effectively bullied out of their shares because of this new trading mentality where no one wants to hold a share beyond 5 mins.
Then suddenly the company gets taken out at way beyond fair value, leaving LTHs in a mess, and a number of new accounts across LSE and ADVFN are pushing the £2.50 agenda, I mean you guys could make it less obvious?
The market is predictable, this isn’t the first and the last time something like this happens, and the FCA are toothless to ever police it, no one wants to upset the big boys.
I think what he’s alluding to is the fact that a lot of placing shares, especially those at a large discount, generally don’t have an opinion on the company or any long-term ambitions to hold a share, they just sell into a rise, so there will be a lot of placing shares who will ignore the long-term potential and just flip at a small profit, it’s a lot of shares to get rid and it can overhang for a while.