RE: ii’s TR1s19 Feb 2019 22:41
This share has traded those vol autos for the past 4 years. Algos, manipulation- whatever - our great conference man pointed it out. Still a star imo
It’s the missing 40m sold on Thursday upto 1030. It’s either triggered stop losses or an ii. But does it matter beyond interest?
More interesting is the effect. Auction pre dump was 21p
One second later with almost certainly Invesco’s 58 m plonked on the ask. Percentage wise, that cause a 75pc drop from 21p.
And magically, we all accept this is the true price and try and justify things from this reference point.
So Invesco have determined this range with no spefic valuation justification , just a dump of 10 pc of the co. We have all been led to accept it should be priced here - control
And if there is no further Invesco TR, they still own 14pc.
All of this makes us lose sight of the real value of the companies assets- cause someone dumped, they must know something. But if they did, they wouldnt still hold 14pc would they.
And all of us LTHs had a little fart at 0805 when 5p flashed up - that’s how you adjust expectations - very effective
But some time later you’ll think how could it have been at 7p.