focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Bloomberg report:
World’s Most Vaccinated Nation Activates Curbs as Cases Rise
By Kamlesh Bhuckory and Antony Sguazzin
4 May 2021, 22:11 BST Updated on 5 May 2021, 10:07 BST
Seychelles, which has fully vaccinated more of its population against Covid-19 than any other country, has closed schools and canceled sporting activities for two weeks as infections surge.
The measures, which include bans on the intermingling of households and the early closure of bars, come even as the country has fully vaccinated more than 60% of its adult population with two doses of coronavirus vaccines. The curbs are similar to those last imposed at the end of 2020.
“Despite of all the exceptional efforts we are making, the Covid-19 situation in our country is critical right now with many daily cases reported last week,” Peggy Vidot, the nation’s health minister, said at a press conference Tuesday.“
Jez2 - yes, and the price will continue falling until the shares are sold off. Then we will get the TR1 telling us that XX sold £Y yesterday at 60p and £Z today at 50p - or something like that.
The SP will then cough and gradually recover ready for the next excitment.
First two are clearly delayed sells, and the reason for the fall all day. Last one is at UT price and is probably an inter MM trade to sort out imbalances between them. Notice the time stamp is 17.08, the time usually associated with this type of trade.
Sharebel, what I don't understand about your argument is how thw MMs actually get a volume of sells to fill an order by lowering the sell price and by preventing sell by NT, and at the same time accepting buys below the mid-point?
What we have observed in the last hour:
Lots of red buys and a falling SP. NT to sell.
This tells me that the MMs are searching for a price to attract buyers - not that there are large buy orders, in fact it's the opposite. Finally at 71-75p spread the tide turns and enough buying starts to stop the decline.
Its a bit of a cat and mouse game. Investors think "I want to buy but the SP is falling". They wait until . . . IMHO the MMs are not doing anything sinister - they're job is to make a market, and investors have just got to be a bit careful.
Its marked as a single protected transaction:
"A protected transaction occurs when a large order is going through the market. The buyer (or seller) may wish to keep the order anonymous from the rest of the market as the size of the order could greatly alter the price of the stock. With a protected transaction, the dealer will put the trade through in small quantities rather than knock the whole order out in one hit. The entire transaction is reported once the deal is completed. The LSE is notified at the start and at the end of the transaction. However, the market as a whole isn't told until the end, thus the order is protected."
I've always been puzzled by these transactions, and I have seen them reported differently on different stocks. But there's usually a second identical sized transaction reported some time later. I'm now wondering whether the first is the initially agreed price, and the second is the actual price achieved? This would mean that in fact its a single trade not two??? Or are theyt the limits between which the aggregated trades were made?
Anyone know?
I think you're all mistaken in assuming this is a buy and a sell. The are both time delayed. Look at the tag of the earlier trade. The two trades are linked and reported separately in two equal halves.
My guess is that they are two buys, hence the rise shortly afterwards.
EC. Your last post may well be true. However, many analysts believe this recovery is already factored in to the SP, and that $28 is about tops for the present. (Equvalent to around £17 at current trading patterns.) Indeed $28 has been quoted as a fair price for projected 2023 earnings.
Interesting to read too that only 9 of the ships have planned itineraries this summer. No way all the rest will start in the autumn. I've postponed my Azura October cruise until next year, even though its not cancelled yet.
Amusingly I went to see Azura last week on a small diversion from getting my MOT. A splendid sight berthed on the Tyne! I wonder how much longer she will be berthed there?
Interesting review on US site TipRanks of CCL. (Link on ADVFM)
Basically it comes to a hold conclusion - 4 analysts currently are on SELL, HOLD and BUY each!
Calls the current price an optimistic rally based on more bullish assumptions about the recovery, but warns that the price may well be ahead of things, projecting a 2023 target of $28.
See also : https://www.tipranks.com/news/carnival-corporation-reports-net-loss-of-2b-in-1q/