Do we have a background buyer!25 Jun 2018 13:09
Looking at the trades it appears that selling is the preference on HUM at the moment, this is obviously becoming very frustrating. However, if you look at the current trades today there have been some large lumps sold, around 400k shares in total. I have just tried to sell 75k shares and they will happliy take them in one lump and at 30.4p! Yet trying to by 12.5k shares via Halifax is met with a negotiated trade order (NT). So the market makers will happily take more shares at nearly 0.5p over the bid price yet won't sell you shares on orders over 10k. At 10k shares i was being quoted 30.8p to buy! In my opinion they are accumulating stock either in anticipation of what is to come in the coming weeks with the end of HUM's first quarter results due sometime in July or they are accumulating for a large buyer and have been over the last 4 or 5 weeks. It is a slow process with low volume but in normal circumstances on low volume and seeing around 400k shares sold in large lumps the bid would have dropped and subsequently the sp would have dropped.
I don't suppose we will ever know until the market is notified of an increase in holding from either an existing ii or a new ii. However frustrating it is right now with this odd activity and sp staying around the 30.5p mark, i can't help feeling a reassurance that in the background there does seem to be some slow positive action.
I suppose the only way that the smaller PI can beat the system is to dry up the supply and force whoever is hoovering up to buy shares under the same rules as everyone else! The little PI is being abused again, fear, slow movement, lack of interest............all born from the market and its subtle but ever present attempts to look after the larger holders!
Conclusion.............Buy up the supply PI's force their hand, sit on your shares and lets see the sp rise fairly!
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