Member Info for MarkBellUK

Its not a short mate..... Of that magnitude they would using it already to drive this price down hard

BUT something is a foot!

That is some and demand on any level. GIven Shares in Issue 105,979,175 & Free Float
= 93,919,569 (88.62%) so that transaction is 1.1365% of all shares in one hit!

Its a TNCP trade "Non Price Contribution to Discovery" ( any firm that matches and fills a significant number of client orders internally)

>Mark it it was a buy the price would not be dropping like a stone ??

So as its off book institution it wont affect the live price (SETS)

Note as bid off is 1208.50-1210.5 as I type this in order to satisfy that type of order on BUY its been negotiated much higher to get that kind of volume . if it was someone trying to SELL the reverse would be true and you might be looking at circa 1170 (I think)

I think its A BUY but strange how its not in the log:-
Jun 19 2020, 12:53 1,213.00 250 1,213.00 1,215.00 Sell £3,032.5 AT
Jun 19 2020, 12:53 1,214.00 46 1,213.00 1,214.00 Buy £558.44 AT
Jun 19 2020, 12:53 1,213.00 245 1,212.00 1,213.00 Buy £2,971.85 AT
Jun 19 2020, 12:53 1,213.00 902 1,213.00 1,213.50 Sell £10,941.26 AT
Jun 19 2020, 12:53 1,213.00 47 1,211.00 1,213.00 Buy £570.11 AT
Jun 19 2020, 12:53 1,213.00 250 1,210.50 1,213.00 Buy £3,032.5 AT
Jun 19 2020, 12:53 1,213.50 161 1,211.00 1,213.50 Buy £1,953.735 AT
Jun 19 2020, 12:53 1,211.50 250 1,211.50 1,213.50 Sell £3,028.75 AT
Jun 19 2020, 12:53 1,211.00 47 1,211.00 1,213.50 Sell £569.17 AT
Jun 19 2020, 12:53 1,213.00 385 1,211.00 1,213.00 Buy £4,670.05 AT
Jun 19 2020, 12:53 1,213.00 61 1,210.50 1,213.00 Buy £739.93 AT
Jun 19 2020, 12:53 1,213.00 348 1,210.50 1,213.00 Buy £4,221.24 AT
Jun 19 2020, 12:53 1,213.00 635 1,210.50 1,213.00 Buy £7,702.55 AT

As its off book it doesnt affect bid/offer so crazily we are down -2.18*%

However todays post market auction could be interesting, if other institutions get wind of it and there should be an RNS soon

I can see its a live off book trade today as the SETs vol is only 191,498 but the Cum Vol = 1,324,268

So this is an institution ..I cant track the transaction though, but if its £12.55 it must be a BUY , I guess, as to satisfy that volume on sell would be much lower than the ask price

Where are you seeing that mate?

Not only did it go up ex divi it went up 5 days in a row to recover to 1205

22nd February 2018 23rd July 2018 $0.64 Special
22nd February 2018 23rd July 2018 $0.81 Final

Im sure there is an even better example but I have to go back through all the charts!

You are talking about apples & Oranges. ST means its already priced into the broker estimates already, you are talking about share price movement. There is no correlation

To put that into context, as has just been pointed out to me, TODAY the SP moved down 1% on the midday UT transaction of just 78 shares!

Conversely Ive seen this go up ex dividend after paying out 12%

This is why most analysts are skint ;)

PS and thats ignoring the 10%+ PLUS divi at circa 1200 whilst CMC has 4.4% at todays price

Lets see what happens when that is confirm in Aug

I think over the last couple of years especially they have shown transparency through an influx of Rns's. The trust comes from their old way of reporting revenue but not declaring PnL. The issue now comes from the market, generally, not understanding the fluctuations in the PnL, now its declared, and the differing hedging strategies . So they cant win either way.

I think its rather a wide brush to say the "market doesn't like Plus", given its come from 495 to 1370. ...I know a lot of their history as I've been here since it was 423

I do however think given CMC is run by the ex conservative Vs PLUS is an Israeli company, unfortunately has impact, but Im happy if people want to keep selling these cheap as its opening more opportunities for the likes of me

I totally agree Robert

The market needs to catch up

Well you did have a a half chance of being right to be fair ;)

I will take 0.28% for our down days anyday

Volume very low today with sell weighting so could be a good day to add

CMC up nearly 40% on announcing a 6% dividend. At £12.50 we are looking at over a 10% divi..

Bearish fears prevail on concerns over virus wave

A vast majority of investors believe stock markets around the world are overvalued, as concerns over a new surge in coronavirus cases hang over the rapid recovery in prices since March.

Nearly 80 per cent of fund managers shepherding a combined $600bn of assets think that stocks are too expensive, the highest share in records going back to 1998, according to a monthly survey released by Bank of America.

The biggest risk to equity prices is the chance of a new wave of Covid-19 infections, investors said. Just over half believe that stocks are poised to fall back into a bear market.

Hedge funds have pumped up their exposure to equities to the highest point since September 2018, the survey showed. But more broadly, market optimism was “fragile” and “neurotic”, the bank said, with no signs of excess bullishness despite an almost 40 per cent recovery in US stocks.

Whats makes you think that mate?

VIX up 48% Sp500 & Dj down 6.9%

PnL wiped out in days at this rate

If the markets keep dropping like this, most if not all, of that - $149m PnL will be wiped out by July's update

Morning

Yesterdays Rns stated that those buys signaled the completion of the $30m buybacks.

PS Check out CMC's results. Superb which bodes well for PLUS

Hi WM

The market definitely hasn't decided which is part of the reason this is so volatile. Ive got to say your view seems unbalanced when you say "the market and most brokers not like this stock,". The fact is this has gone from 489 to 1370, amongst the best momentum on any index in 13 months? Yes only 3 broker cover it as BUY HOLD and "under review" so not sure how you can say most don't like it ? Most definitely don't understand it