ok i'll stop posting then :-)
This share has dropped today to sell 61p buy 65p but started the day at sell 61p buy 70p so the mm's after 2 buy trades at 70p dropped the ask to 65p why to get buyers in possibly but if you look at the major shareholder and director holdings they have 94% of 67.99 million shares so it doesn't leave much kicking around so I can only assume a sell order is in play or the market sentiment for this kind of shre is down which might be the case as TEG sp fell to sell 48p buy 53p.
so there are several scenario's to look at which one's your money on?
It's just my take on the situation.
The only thing that makes any sense of it is for a sell order to be inplace all trades listed as buy trades total shares 13,348 2 trades at 70p and 2 at 65p and they want their shares converting to cash soonest without giving them away?
It could also be market sentiment and the brokers are looking to draw buyers to the share buy with not many shares available I can't see this been the case, I will do some dummy buys tomorrow and see what is the largest I can get before neg trade kicks in.
buy side mm's 6 at 1.75p
sell side mm's 6 at 2.25p
Trades so fat
buy 499,633 shares
sell 0
unconfirmed 12,713 shares
live prices
sell 1.75p buy 2.25p cur 2p no change.
I can't say i'm happy with the drop but that's shares and I accept this as part of trading i'm happy to hold my position at the moment and if this is to be tjhe low I will open a second long position to see a profit sooner it's just down to watching so unless there is a sell off I think a reversal is in order as the ask of 65p was been taken out before close.
Got to nip out for an hour ish.
I have just looked at the major share holders and directors holdings and these total 90.59% of the 67.99 million shares in issue so it is far to assumme shares are short.
The shares can be teased out of holders by raising the sp until people are willing to take their profit or we can have a tree shake or natural selling through frustration.
I tried buying at several points through the day until we had the drop in sp.
It is down to the first support level of 63p on the bid it is covered by 2 mm's showing 10,000 shares next level is 62p covered by 1 mm showing 10,000 shares so this could be the low?
resistance is at 65p as there are 12,500 shares sat there.
It has been strange in a sense as I could not even buy 250 shares at 70p only showed as neg trades so this drop may be due to lack of shares available?
RNS Number : 2262T
Augean Plc
02 June 2009
?
2 June 2009
Augean Plc ("Augean")
Result of AGM
Augean Plc announces that, at its AGM held earlier today, all resolutions were
duly passed.
RNS Number : 2165T
Angus & Ross PLC
02 June 2009
?
Angus & Ross plc
(the "Company")
Notice of interest
The Company has today been notified by RAB Capital plc, acting as discretionary
manager of RAB Special Situations (Master) Fund Limited, that following a
disposal on 8 May, 2009, it now has an indirect interest in 59,297,595 ordinary
shares of 1 penny each in the Company representing 24.17 per cent. of the total
voting rights in issue.