Member Info for gilesfitzh

Trade flag was 'P' which is usual. Venue was ECHO, anyone know where this is? MIC was XOFF so not London as usual, anyone know where?

You could be right raaydaar. However Pello have clients who hold ALGW stock so I imagine there are ways for them to 'borrow' (with their clients permission obviously) shares, sell them and replace them with the warrant/shares when these are 'admitted'. Do you have any idea why is there still someone 'disgruntled' with ALGW? Personally I couldn't be happier with my investment.

Looks as though Pello are selling their converted warrants atm. 1.25 million of the 3.57 million shares exercised at 1.4p so far, selling at about 7.1p. Potentially just over £200k for arranging the placing back in August last. MMs seem happy to take them so maybe there is a buyer who has let Pello know he/she will take them.

I think we could very well see 8p tested again today.

Indeed online quote @ 15:06 was 7.0150 / 7.0990 that's a very tight spread, usually indicative of an imminent move in the SP.

Same today, MMs keeping the published spread wider than the reality. Trades at 6.9p are sells anything over 7p is a buy. So far today @ 10:05 there have been 7.3k shares sold and 184.6k bought. Very quiet.

@raaydaar: DOH, I must have erased that placing as I remember that I was cross that GS hadn't included me in it :p Re: Marcus Alder: That's very coy of you :)

@raaydaar: Do you think Marcus Alder will buy another 107143 shares or submit another TR1?

It details that they have received warrant exercise notices over an aggregate total of 3,571,429 ordinary shares of 0.1p each ("Ordinary Shares") in the Company for total consideration of £50,000.
I don't know what these are as the placing warrants were supposed to be at 3p each. Anyone have any idea what these are?

These 2 don't show up on the London Stock Exchange pages so it might just be this site that's got it's knickers in a twist.

Mark Ward owns just shy of 20% of the shares, the BoD (past and present) own about 6%, Max and Aisha Khan (original investors) own about 3%, my wife and I own 2.8%, Marcus Alder 3% and another 5 people that I know hold about 10% between them. So a total of nearly 45% of the shares in issue are in the hands of just a dozen people :)

All trades at 6.92 are sells and all trades over 7 are buys :)

I know that 45% of the shares in issue are held by about a dozen people.

Not enough going on for a big buyer to wade in without moving the SP substantially. Softly, softly catchee monkey is the way to go :)

@youngba: I didn't think you were :)

First of all lets be quite clear about one thing, most of us are not 'investing' we are gambling.
If you wish to 'invest' then you should buy a FTSE tracker. Start in your 20's and, over the course of your working life (40 years+) you will make a profit, probably beat inflation and certainly do better than just keeping your savings on deposit.
Having established that you're gambling then the first thing to do is understand that just as in a Casino, the 'house' (in our case, the spread and stamp duty) will take a percentage and you need to win a little more often than you lose to come out in front.
Then you should understand that the market is made up of people and they are driven by fear and greed and we are all going to fall prey to both of these at least sometimes. I know I have and it can be expensive.
So, here is a little advice from what I have learned / experienced over the last 40 odd years.
1/. Understand that NO ONE is your friend. Not your broker, not the tipsters you follow and certainly not anyone on a BB. I'm not saying that they are all trying to rip you off all the time but they are not your friend.
2/. 10 baggers are REALLY, REALLY few and far between. But ALGW might just be one, LOL.
3/. Oil and Gas exploration companies and those searching for the next fabulous gold mine should be avoided at all costs. The only people who definitely make money on these are the Directors and the chances of PIs making money are vanishingly slim so DON'T.
4/. There is only one way to come out ahead of the game and it's called RESEARCH and even then it's not guaranteed.
5/. Research is not reading a couple of posts on a BB, even this one where, if you look back far enough, you will find some pretty informative posts. With regard to ALGW, go to their web site and read every single RNS that the Company has put out, read them, understand them, research the field that ALGW are in, research everything you can that has a bearing on ALGWs business. Then, if you think ALGW has something going for it, invest in it but, and this is for all gambling, only what you can afford to lose.
6/. Oh, and you'll need to be lucky because finding a good Company to invest in isn't easy.
Here endeth the lesson :)

@youngba: Indeed this is what I presume is going on with the 1million, 700k and 500k trades.
This method of trading does enable you to effectively leverage your position BUT this means that you are:
1/. Gambling with money you don't have.
2/. Works fine as long as the SP has risen by the end of every 4 weeks.
3/. If the SP is flat you lose the 1% spread plus the 0.5% stamp duty.
4/. If the SP drops - you're f**ked.
If you had traded like this for the whole of 2020 you'd have lost a lot of money as the SP was pretty much flat for the whole year.
Treat with extreme caution.

Certainly not anything to do with ISAs as the value is way above the £20k limit. It seems someone(or several someones) are rolling over leveraged contracts.

P LRGS

@Steven.P: I'm retired so time is not in short supply :) Also my Broker's online dealing system really only involves a couple of clicks. The main thing with ALGW I've found, whether you're buying or selling, is to take it easy and buy/sell a little every day as the MM's move the SP on any hint of someone wanting to buy/sell large quantities. They don't know where the share is going and aren't taking any risks and, as I've said before, this share really, really needs more liquidity.