Interesting that Hendos started selling again yesterday. After selling appx 13m at circ 20p in December then buying them all back again at circ 19.5p. Then sold appx 5m yesterday at appx 19.5p ! What is going on here ??? I am certainly holding to see this out.
Does beg the question whether the deal is done and dusted as that equates to a £7,000 return on a £1m investment ? After tax probably be left with £3,500, what's the point ? Why would you risk that sort of money for such a small return unless it was a dead cert or there is potentially a bigger reward in the wings !
That must be the biggest 3 trades I've Seen on here ! ! Some one is keen . . . .
All good possible reasons and ideas, let's hope we all get some new year luck with this one !
Seems a big gamble to me for 3% as if the Hytera deal falls through and the share drops back they stand to lose a lot more than they can gain, I do think it's positive that these buys are going through though as they are for a reason, just what reason would be good to know ! GLA
I'm still here and gonna be until the end, whatever that may be. Bought in 3 times now holding an Avg of 20.9p and hoping for something to come out of the woodwork ! Any logical reason for these recent big buys ??
If Hytera had appointed an institution ie oddo or cigogne to buy up as many cheap shares as possible sub 20p, the activity was short lived. The volumes are very low now as if people have taken their positions ! That begs the question why have oddo and cigogne bought into this because it doesn't appear they are buying for Hytera and also why did Hendos buy back nearly 17m shares right quick ??
Skid35 - I bought in a 137p a few months ago, after looking at the director buys in October at 138p and looked a good investment. Was a bit surprised about the interim results where net profit had dropped from 10m to 2m. Although when you read in more detail MOTR had unexpected additional costs this year of 4m after joining the lse, so I'm looking at it more like 6m net profit. MOTR have also acquired 3 or 4 new sites which should start to be reflect next year I'm sure. I don't know why the RNS from Monday is not showing on here but Merrill lynch international bought nearly 6m shares on Monday, hopefully a very positive sign of things to come. Finally a friend of mine who has his own used car supermarket has bought some MOTR which surely must be a good sign. The motor trade has had a tough year around Brexit and peoples uncertainty to make big ticket item purchases, but people will get bored putting off their car purchases soon and I'm sure volumes will increase in the new year, as will the SP, nice to see 130p today. Good luck and merry Xmas !
Jamesroo glad you are on the same wavelength as me. Does seems at times I am going slightly bonkers trying to work out this whole 19.5 to sell at 20 ! The other thing that has not been taken into consideration of this potential 2.5% ROI. is the probable 50% tax that will need paying so that then leaves you with 1.25%. Not convinced these big institutions would be here if there wasn't a bigger end game !
Some of the big boys that recently bought in (Oddo - Cicogne) for a potential 0.5p ROI, surely they could make more than that in 1 day on the rise in other shares atm. Same with Hendos, spent weeks selling off about 17m shares, had the money out then put it straight back in again. I think there must be a good chance of something to come, as why bother tying up that sort of money for 3 months !! Gla and Merry Xmas .
Jamesroo - Quite a lot of trades just appeared after close, volume upto nearly 4m, up she goes to 19.5p !
Batfink666 - Thanks for your comparison - I would of just expected the price to be going south if lots of sells and vice versa north if lots of buys. SP is down a little now so I suppose this is reflecting slightly the buy sell ratio today. Jamesroo - This Sepu share seems to have a mind of it's own ! The 20p Hytera offer must be having an influence too.
I noticed yesterday quite a lot of trades came through after hours, maybe some of the sells are actually buys too, after following this share now for some months I have been used to seeing the price being held back and I am not used to this calmer !
Remarkable how the SP has remained so stable even though over 99% of the trades today have been sells !
2.5m Sold only about 7,500 bought !! Only 3 buys all day according to HL.
Seems like all the PI's have been selling out whilst the Big Boys have been buying in, Hendos also bought all theirs back on Friday. Not a clue how this is going to pan out, either it's to help it along to the 20p or taking positions for a counter bid or better offer ! I'm more than happy to stay put and hope we will all get a nice surprise !
RNS - for Merill Lynch International - bought 6m Shares on Monday, That's a big buy, something about to land ?
Showing as a Sell on HL ??
This is basically saying then that Cigogne are happy with a potential 0.08p per share if the Hytera deal goes through. Still seems a lot of risk to me for such a small return unless these European neighbours (Cigogne & Oddo) maybe know something else is on the cards ?
Lejjb - yes I am undecided what to do, especially after how SEPU has gone which a lot didn't expect. seems to be quite a few conflicting opinions on CTAG but plenty are buying into it. Will do some more research,