Member Info for ignorant

I don't mean to tell anyone what is best for them, but for most of us staring at a screen waiting for the price to go somewhere and not having much of a life is needless if we can just set a sell price at the broker's and walk away and get on with something more important. I am not in the UK and for where I deal, I can set a sell price that is indefinite. For the UK, surely something similar must exist, i.e. sell if it reaches x value. That is one of the things displayed on Level II, isn't it, waiting buyers and sellers? Perhaps selling too early when a share is on an up trend puts people off, but I find I win more than I lose using that system, and that's the point in my case. Could always do what my mum said - sell half, keep half. I find that works pretty well for me with only the occasional "Oh no, I should have sold/kept the lot!" etc etc.

Anyone got a time machine I could use to go back to February and press Sell All at 100p+? I promise to bring it back in complete gravitons. Come on OBC management, any good news? Take away pizzas with a free bottle of Pepsi? OK, but besides that, anything professional and positive for OBC on the horizon?

Red most days. What are denoted as several considerably over NMS sells today in Trades. I am beginning to worry that DarienTaylor (2 July) is a market maker ;-D GDTanner you were correct as even if it rockets in the next 10 seconds, I could always have bought back in at these levels if I was really dera... erm I mean if I were to consider it a good LTH from here. What was the time period gap between the previous rises to around 100p? One month (Jan and Feb 2021) then about three years prior to that? Then 17 years before that? I am not sure at all. I cannot find the long-term price archives (I know it was previously ONL). Back to the fortified tomato juice and hope springing eternal that the volume back in Jan and Feb was not just lemming-sheep syndrome. OMG I keep having auditory hallucinations of "You're not laughing now are you!" in a City trader accent, interspersed with "Dontcha wanna buy ten thousand more to average down? Go on, you know ya wanna! Buhahahaha..."

Dubjon, thanks for the post, you bring lots of interesting stuff to the table that many will appreciate and perhaps find hope on the many red days of gloom. I do get what's behind your hope and investment, and I really hope it pays off handsomely for all LTHs and that something very substantial comes of OBC. At the moment, perhaps we see some intelligent squiggles in crayon from OBC's nursery, perhaps a bit more than that and I am being unduly unkind. I hope in due course (or sooner if possible) some great work bringing permanent shareholder value emerges, not merely empty pizza boxes and flatulence. ... “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.” ? Charles Dickens, A Tale of Two Cities and Two AIM Stocks

Hi Bennster, I don't know. I am purely guessing that some of the blocks could be them in dribs and drabs adding up to 1m in the end, whenever that is, if that's the case. And Dubjon likely also does not know if the Reyker thing applies to OBC, but all credit to him for discovering that, I knew nuffin' before! Dubjon posts lots of interesting stuff way over my head about defi and whatever else, giving me hope that behind what looks to me like kitchen table stuff there is something of worth behind it that might unlock value for LT shareholders like me. But I am not counting on OBC at all, I view it as just a punt, not any sort of cert. I still wonder what the huge volumes were about when we had the spikes. I am yet to see an explanation that seems plausible in the context of OBC.

Bennster,
please have a look at the extract from the post below which was Dubjon's on 10 May:
"...Leaves just under 5 million available for the rest of us. (though Reyker Securities seem to be in trouble, so maybe their holding could be available).
Online Blockchain PLC OBC
Major Shareholders
Name Amount Holding %
Mr. Clement Hadrian Chambers - 1,529,364 17.66
Mr. Michael John Hodges - 1,365,642 15.77
Peter O'Reilly - 1,343,500 15.51
Reyker Securities PLC - 1,000,000 11.54
Stefania Barbaglio - 264,283 3.05
Director Holdings
Name Amount Holding %
Mr. Jonathan Bruce Mullins - 164,486 1.90"
source1: https://www.youinvest.co.uk/market-research/LSE:OBC?tab=6&SecurityToken=0P00007OPA%5D3%5D0%5DE0EXG%24XLON&Id=0P00007OPA&ClientFund=0&CurrencyId=GBP&ms-redirect-path=%2F1c6qh1t6k9default.aspx "

-Note that Dubjon pointed out that the information source may or may not be up to date.

I have just done a very quick google one-handed as I munch cheap supermarket jaffa cakes and it seems a firm by that name is in "special administration". Whether that has anything to do with OBC, I simply do not know.
Reyker Securities Plc (in special administration)
https://reykerportal.com/login

I repeat: no idea other than just guesswork on whether this has anything to do with OBC now or not, but if so then they might be a seller of shares they hold. Or OBC's recent price movements may be nothing to do with the above and the price going down at OBC is just the way the jaffa cake non-biscuit product crumbles.

Bennster, didn't someone here post that perhaps (only speculation on that I think, but it might be true) one of the main institutional shareholders was distress selling, i.e. probably due to their own circumstances? I can't remember who it was that said that, but he/she could be right and that might be a drag on the price if sales or delayed OBC share sales are going through daily from that source and giving Martin/Martina the market maker (I completely made up that name, yes) some grey hair. I know zero, obviously, I am just speculating that it could be a contributory factor as was speculated a while ago. On the face of it, I am not impressed with some of the stuff I see from OBC at the moment, and much of it looks kitchen table level IMHO. I hope that the engine and strategy behind it is more impressive than appearances. Obviously. appearance is very important, that's why firms spend so much on logos, label design, packaging design and PR teams. NSS I know. And that is also why I should really have my barnet professionally cut for the first time in 4 years this month ... my garden shears and the shiny side of the saucepan don't much lend themselves to the finer points of modern hair styling.

A maiden dividend for AFN. Surely somewhat good news for us in OBC, right? www.lse.co.uk/rns/AFN/trading-update-and-proposed-dividend-policy-717nfkmtx7jcmkw.html

Darientaylor, I'm astounded and shocked at your post ...there is just no apostrophe necessary in the plural form of RNS unless used as a possessive, i.e. The RNS's content looked amateurish. Otherwise, it's RNSs. Now I must the potato's on.

>Yes, it is annoying that some are able to trade at the mid price/out of hours I guess it is all part of a larger buy or sell order that is being worked through. <<
--I can only hope that it is a buy order :) I think there were some much bigger ones in the past that I mentioned, I hope they were buys. But /if/ there is a distressed seller or investment house selling due to their own woes, their violin is probably going to be spoiling the concert for a while. Assuming there is a concert, obviously.

And another entry of 25k today, unknown.
30-Jun-21 08:18:55 38.00 25,000 Unknown* 37.00 39.00 9,500

Of course, just peanuts compared to the trades I mentioned some time ago.

I didn't know, even after all these years, that a transaction could go through or finalise before 8am. This is from Trades here, denoted as a buy at 38p when the spread was 36p/39p. I hope it is indeed a buy, obviously, as I hold OBC although had I known Jan/Feb's price was what people call a blip up or a spike or fork I must admit I would've sold most or all (as is obvious, yes I know).
[YESTERDAY] 29-Jun-21 07:37:55 38.00 25,000 Buy* 36.00 39.00 9,500 O

Do they own online co uk ? I think it was theirs in the past, but I cannot be sure on that. I did a lookup check just now and it doesn't seem to show their ownership. I see some record update in 2017, suggesting a sale of the domain back then, but I really don't know about this sort of stuff. I am ignorant, yes. But if they do own it, it might have some value too. Also, any thing in their office to auction off? Good quality desks sometimes bring a few hundred quid each on Gumtree. What's in their fridge -- any reasonable quantities of humus or guacamole? And can the fridge be knocked out for a nifty fifty? Cardboard prices have shot up, so those old pizza boxes might be worth something, could do worse than rescue them out the bins. (Yes, hopefully just a little dark humour or an attempt at it.)

Interestingly, the report included an important figure saying crypto currencies can be tailored to the behavioural characteristics or limits that comply with religious beliefs, meaning that some crypto could be adopted by certain religious and specific communities, at least in theory. The Middle East may be grasping some of these concepts or opportunities ahead of some other centres. Interesting insights in this brief video of a broadcast package from TV channel Euronews: hwww.euronews.com/video/2021/06/04/how-dubai-is-embracing-cryptocurrencies

I hope not, Dubjon, I've not bought in to AFN yet! I know I will miss out if the speculation is proven correct, but I am trying to have some discipline as a lack of it in the past meant less profit for me in past holdings that did eventually go nicely north. That said, I have also completely missed a few with that same discipline. So, it came down to a coin toss.

Thanks for that info, Dubjon. I look forward to the day when I can browse a brochure for my dream supercar... a Renault Zoe ;-)

PolkadotKid, thank you. I didn't see it on the list at the Lon St Ex site yesterday nor here. I can't see yesterday's trades there nor here now, but I'm pretty sure I'd have spotted that size especially if it showed at the end of the day's trades. I would guess you've subscribed to a service that is more comprehensive than what us free users can see, and so thanks for sharing that info as it may be useful (btw I observed larger delayed trades a few months ago that also seemed to be buys but I don't know if they were).

PolkadotKid, you wrote about a 98k trade in your 18:24 post ("Looks like you were correct regarding filling of the large order as a 98k buy @ 51p was showing after close") ... what day was that? I can't see it for today. Another and official SE site shows 2 more trades beyond that shown here after 16:00, but they are small.

Yes, Bennster, that could be it. Sock drawer perhaps! I remember an ex-MM saying in a published interview that he puts his portfolio of shares away in a drawer for 5 years at a time as often the best bet (I suppose these days he means an electronic sock drawer!)
And so if he was kind of implying that even he can't reliably anticipate or second-guess price movements after those decades of experience there ain't much hope for the likes of me. His strategy will likely not work for all stocks, but I suppose he meant some out of his portfolio will come good big time if not sold too early and just left alone to become mighty oaks. But the problem is sometimes not taking a profit in time leads to the woodsman getting there beforehand.

Bennster, OBC getting a slapping for that reason is at odds with the now two other blockchain arena stocks I have in Europe. One is up 0.7%, one is up nearly 4% as I type. I'm not saying you're wrong in this instance or anything, but OBC has the lowest mkt cap IIRC of my blockchain triplets and perhaps with AFN has at least the same prospects as the other two. Yet we see simply red in OBC most days or so it seems. I hope we get to those sunny uplands, and perhaps something good will happen here when I least expect it, but for now it's really taken me aback in its price direction. I really didn't expect it sub-50p at all.