The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
It's very volatile. The Pre Market on Yahoo showed almost $20 a couple of hours ago. Now down to $8.5 ish.
I expect it to cause quite a mad rush one way or the other at 14.30 GMT.
Quite surprised how the SP has dropped this week after a very positive interview. The latest RNS was nothing unexpected and I wasn't seeing it as lowering the SP.
Hope the interview tomorrow night will add some more positivity, as there are many things to be excited about here.
Similar story with IG. This is there response. All kid of exciting, not really knowing what they're worth!
"Kindly note, we have received confirmation from our corporate actions department the terms have yet to be announced. There is currently not an estimate on when when this will take place. In such instances, we would book the share according to the terms of corporate action event automatically on your account depending on the terms that have been announced according to the merger as this a mandatory event. The booking of the relevant amount of shared would take place automatically."
Could be frustrating if it plays out to $25-30 at first, then drops from there back to $10-12 in a few days.
I planned on taking out cost plus a bit of profit and holding the other half or so. It definitely looks a hot prospect.
Thanks for that. Sounds complicated and that I should sit and wait. Will be interesting to see what happens to #MDAI when it opens.
For those with shares in #SMD, what are we expecting to happen? My IG account still shows my #SMD shares, so I presume at 14.30, when NASDAQ opens, they will convert to the agreed number of #MDAI shares, opening at $10 a share.
How are other's share dealing accounts looking? Have they ben converted to #MDAI yet? Cheers.
"Volume off the scale
MM’s in trouble here"
As was any poor sucker who got dragged into the pumping here. It's selling for under 130p now, yet buy never dropped from the 150p it was an hour and a half ago.
Such a massive spread though. IG want over 150p to buy, yet only offer 135p to sell.
Most entering now will make a loss short term.
Interesting to see my latest top up is seen as a Sell on the trades section here. At the SP I bought at, it suggests a few of the other "sales" are in fact buys.
Great stuff, thanks for that.
I've only been following this company for a couple of months, with a smallish investment, but communication is always spot on with the company and CEO.
They give off a very positive vibe and I expect this to fly pretty soon.
Looks like a broker is trading in around £200K of shares a day, which get listed after close. I presumed this was the gradual admitting of the placement, but the pricing of most of these "unknown" transactions show bang in the middle of Buy and Sell price.
Great, thanks. The RNS on 11/4/23 gives a bit of info too.
Good news then. Wish I'd been a bit braver.
Thanks. I got in late, only buying in yesterday, so am still string to fully understand how the merger would work.
Is there something set in stone about how the SMD AIM shares will be converted into MDAI?
Where does the £1.01 figure come from, to be equivalent of $10 a share MDAI?
Cheers.
OK, so SMD was cancelled from trading on AIM from 07.00 this morning at the request of the company.
What does that mean to those of who who hold stock which was traded on AIM prior to today?
https://www.londonstockexchange.com/news-article/market-news/cancellation-spectral-md-holdings-ltd/16115756
Definitely something odd going on.
The current SP on IG is 50p to sell but a whopping 80.01p to buy.
They've also stopped online trading of this share.
68p to buy on IG, but 57.99 to sell. Wow, that's some spread and will need to climb way higher to get your money back if you buy now.
I had a little dabble at 62.6p , so missed the bus a little here. Still, all good fun!
I suspect something happened late, like an MM tidying up the books.
Google shows a close price at 16.30 of 3.6, then it jumps to 4.13 at 16.43
I'm seeing this a lot with KOD and Prem of late. Like brokers putting in their part of a large order after hours.
a bit off topic, but figured many of you probably have sipps. i want to move my old virgin money stakeholder pension to a sipp, probably a mix of bonds and shares. my choices so far are interactive investor and ig.
i've had a share account with ig, but they seem to do their sipp's through a third party called options.
anyone able to recommend a platform? interactive investor seems the best for fees etc.
not expecting financial advice as such, just recommendations for platforms other have used.
virgin's fees are step at 0.75%, performance of their funds has been poor for years and now they're going "green" and only investing in companies who claim to save the planet. i couldn't give a shiny **** about that. i just want my pension pot to grow as well as it can.
cheers.