RE: Agro13 Jun 2019 11:19
Officially, the London Stock Exchange don't label or announce whether a share trade is INITIATED by someone proposing to buy or sell. I think brokers and websites appear to proclaim whether a trade is initiated by someone selling or buying simply based on how close it is to bid, or the offer price.
The system they are using there will obviously be an automated system. And it doesn't always get it right. Many people comment on bulletin boards about how they've seen their buys showing as sells, and vice versa.
It's worth remembering when focussing on whether a trade was initiated by someone buying or selling, that whatever category it falls into, there must be a corresponding trading partner doing the opposite.
I don't think shares can sell into 'thin air', so if someone is initiating a sell, someone or some entity or system - somewhere - must surely be buying?
So a 'sell' to someone, is a 'buy' to someone, some entity or some system - somewhere - who is doing the buying!
Agronomics Limited announced today (quote excerpt):
"The Subscription is conditional on the approval of resolutions to be put to the Company's shareholders at a General Meeting...to be held on 3 July 2019...Application will be made for the Subscription Shares to be admitted to trading on AIM ("Admission"), with Admission of the Subscription Shares expected to occur on or around 11 July 2019."
So, presumably any subscription shares bought in the recent fundraise CAN'T be traded until both the 'resolution approval' and 'Admission' milestones are crossed?
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