Spreadex23 Apr 2017 09:41
Cheers warbrother666.
I hope so too !
If Spreadex bought their 3.94% stake in TYR to part hedge a large spread bet then normal PI buying activity could cause them a headache.The shares were bought in two tranches,5,050,000 @ 1.75 pence on March 8th and 3,600,000 again @ 1.75 pence on March 16th(both after 5pm),with the TRI Notification being issued six days later.
Subsequent to the RNS,the prices of both lines of stock were lowered with TYR in particular falling from 1.50-2.00 to the current 1.25-1.75.Actual trades have been priced at 1.30 for the sells and 1.62 for buys.
Despite pretty significant buying(over 1.5 million TYR shares) in this generally very illiquid stock,strangely,no adjustment has been made to these prices,although some liquidity was provided on April 16th with a 2,500,000 sale again @ 1.30 pence.
If this sale proves to be Spreadex keeping the price stable,then we should see a notification that their holding has fallen below 3% some time next week.
In this event,assuming that they will see maximum profitability from a low SP,then a reasonable set of accounts could see the TYR share price run against them thus creating a bear squeeze on Spreadex, maybe forcing them into making additional purchases of TYR and thus further stimulating the share price.
Much of this is hypothetical and just my thoughts.
Even so,the next couple of weeks could be pretty exciting for stakeholders.
The TYRU share price meanwhile has proved pretty resilient in the face of some fairly bulky sells