Member Info for lejjb

What makes you think "soon"?

Not a "thousand" cuts considering that JPM have less than 3% shares (as of 2-3 days ago) so not much left to sell.

And remember that the current mcap is the amount of cash in the bank. As if the whole SIG business was worth nothing whatsoever.

Without a proper chart and/or clear financial data, that's just figures in the air.

If you look at a daily candlestick chart, you will see that we had a pinbar / hammer pattern yesterday, and one appears to be forming (just about) today. At the bottom of a downtrend (since 11 May), that hammer / pinbar is a bullish sign indicating a likely (but not certain!) reversal.

We have also seen how a lot of this early afternoon's sales were probably stop losses triggered by a decrease of the bid (i.e. the "AT" / automatic wave of trades in early afternoon). Again, that's not certain, but a real probability. Which would suggest a deliberate attempt to stop a clear return to an uptrend.
An attempt which appears to be failing, the SP has not been tanking like it could have.

Bluebelly: wrong.

They do not "not let you buy / sell". They just cannot give you a quote on the spot. You can place a buy and sell order, they will process it later at a price to be determined later.

"If there is a seller then there is a buyer - makes sense that's how the market works. "

Unfortunately that adage is fundamentally wrong when talking about the stock market.

A "market maker" is an institution that is contractually obliged to buy and sell shares, whether it wants to or not. As its name implies, it "makes" a market. So even if a company is sh i t and tanking (which is NOT the case here), a market maker is forced to accept to buy its shares, albeit at a price that it can set (within a set of contractually defined limits).
https://www.investopedia.com/terms/m/marketmaker.asp

yes, you are right, I'm an idiot who confused names. I should have referred to "Building Solutions".

Please read my previous post. Considering that construction has restarted, the business environment is better now than it was two months ago so the excuse for that sale falling through does not look credible to me. My HIGHLY SPECULATIVE theory is that IKO has offered to buy the whole company (SIG + Kingspan) for a better price and/or without the risk to get a CMA refusal.

They can't withhold info for long by law, so it's unlikely. My HIGHLY SPECULATIVE theory is that the sale that looked like a done deal (barring the CMA's investigation) suddenly fell through because a better offer was made in the background by IKO for the whole business (i.e. SIG with Kingspan).
But that's highly speculative.

When a holder issues at least two TR1s announcing sales, it’s likely (but by no means certain!) that it is planning to sell the whole lot.
As to when it will be all sold off, unless there has been consistency in the sales throughout (which has NOT been the case with Parvus), trying to guess is a mug’s game. Only once we see a TR1 saying that Parvus has gone below 3% can we start suspecting that it has already sold (or is about to sell) the whole lot (as TR1s are always issued with 2-3 working days’ delay).

Hi all
Just getting to grips with this business.
Any idea as to why the SP is still struggling in spite of the decent financial situation so far please?

There was no unfilled gap on any chart, it looks like he was just making this up, or has misunderstood what gaps are.

Shade - read the RNS. It says that the sales had been completed on 7 May (the new "position").

A large holder has sold a portion of its holding. There is no indication as to whether it will sell more or not.

Trading means buying the future prospects of a company. So ask yourselves whether AA has more chances of a better or a worse future based on all the data of the past few months, the current economic conditions ( in light with what this business does), and the recent price action.

For me there striking evidence of a turnaround even if we are not out of the woods yet, Covid-19 has not been too damaging to this business, and we have been on a rise for the last 6-8 weeks approx.

knowbodyyouknow - fair point, sorry.

It is not. Otherwise it would not have been said that he bought them. It would have been said those shares had been issued to fulfil a company’s obligation towards him.

Those shares were bought on the open market, all £85k (ish) worth of them.

Didn’t I tell people to refer to the 31 March RNS?... here’s the confirmation of what was already said by the company.
I suspect IIs will get in too as those numbers imply that dividend payments will resume.

Has anyone actually read the 31 March RNS?

The 31st March “trading update” gave beautiful unaudited results.

It would take an amazingly incompetent finance team to produce results that turn out really different after auditing.

Chill folks.