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The buys and sells take place a very similar prices - so my bed and ISA had a buy and sell price just 0.05p apart. Both transactions were recorded as sells because both transactions took place below the mid price. That is how the buy-sell algorithms work.
To put it in simple terms, the buy part was recorded as a sell because the purchase price was below the advertised mid price. Hence the market thought it was 2 sells whereas it was actually one buy and one sell.
Simple enough for you?? I'm no moron.
Come on Ade. Even a thicket like you could work out that:
1. The volume is very low so irrelevant
2. Many will relate to bed and ISA deals which tend to be reported at the sell price as the buy element if often at a low sp
Either you have no idea, in which case people should ignore you, or you have an agenda in which case people should ignore you. Same end result.
I don't claim to BumbleB, but it needs more of them!!
And you must accept that the majority on here are male.
How many women in your Telegraph group? I'm guessing the membership here is a similar profile.
What percentage of people on this board would you guess are female BumbleB?
"It's so disappointing that even Escala is getting despondent. Meanwhile haggis pumps away for all he's worth."
Not exactly Garmoan.
I find Haggis's incessant ramping, and loose interpretation of the facts as annoying as your incessant moaning. Another is his ongoing assertion that there are 43 IIs supporting AFC. There are not. There are lots of people like me, PIs, buying via nominee brokers who appear as IIs, but are not. So Hargreaves for example might be listed as a II, but they have never bought AFC shares.
For the avoidance of doubt I remain fully invested in AFC. The larger units, plus the ammonium story (vital for shipping) is compelling. At the moment I still have no hard factual basis on which to distrust AB and AFC, but the End of Year report will be important. AFC understands that which is why they have told us they need to work out how to incorporate the change in the ABB payment.
I think we will see short term volatility but also think big announcements are coming soon, probably with ABB. But unlike some I don't see this at £s within a short space of time.....sorry Haggis. If we got close to £1 in 12-18 months I would be ecstatic.
I hope this is an example of a post that neither pumps or de ramps. Sadly Haggis has me on ignore as he is incapable of listening to any voice but his own. And the derampers all have an agenda. I don't suppose much will change. We need more women on this board!!
I have a mate who bought some of these at 22p in 2010. That's a pretty crap long term trend.
I'm afraid you can't chart AFC...it's all about fundamentals and the wider economy. The latter will get better, but as for the former AFC needs to pull its finger out and show some revenue.
Haggis, it's marvellous that you are so optimistic and that every tenuous snippet will make us millionaires, but I can't help but notice that the SP seems to be slipping somewhat.
How do you account for this? Given how clever all these IIs are??
Share tip in Mail on Sunday
Personally I think it is worth a punt.
Worth reading the risks on their IPO document first though. Not for widows and orphans.
But...a sustainable product that is much needed and probable shift to profitability soon. Like I say, worth a punt.
Beware liquidity though....only £20m in circulation.
Bumble, may I ask when you expect the broker target of 195p to be reached? The brokers themselves don't say - it could be 2050, by which time 195p will be worth about a bob in today's money with inflation as it is.
The Zeus and Peel Hunt valuations tell us what they think AFC might be worth at some unspecified time in the future are so are meaningless. They have no bearing on the current valuation. Do they think AFC will be worth these sums in a year, three years, thirty years?? Zeus has had its target for a long time and we are futher away from it than ever.
AFC will re-rate at some point. Their MCap will rise, hopefully substantially, but the Zeus and Peel Hunt views are toilet paper.