The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I agree with Tom in that the opening price on Monday will ‘appear’ to be down as the UT of 10p was not the actual closing price.
If anyone on here is interested there is a long time (and very respected) poster on the 88e board who has studied this UT action on 88e for some time. His theory is that the UT distorts the closing price so that an UT higher than the actual close (as we had yesterday) results in the share appearing to open down the following day whereas, if the UT is lower than the end of day price the opposite is true and the share price opens up the following day!
I have no idea how accurate or otherwise this is, but will be interested to see what happens on Monday as the difference between 10p and what is shown above is fairly significant!
Let’s hope whatever the outcome the general direction if travel continues Northwards towards Spy’s “strong feeling” figure which would be monumental for many!
VGL all!
I have a 40’ sailing catamaran I keep in the Bahamas and intend to retire to if this keeps going the way it is! Been cruising it around the Bahamas and Caribbean Islands on and off since I bought it in 2013 - it’s an awesome life, but sadly I still have to work for now!
Sorry for the O/T
Leister - your 22:08 2nd paragraph is bang on imo
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