The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Thanks for the replies. I now have a response from AJBell:
"As a company AJ Bell have taken a stance not to facilitate trading in Vela Tech, therefore, it is not a permitted investment. As per our terms and conditions, our customers are only able to trade in permitted investments on our platform."
The reason CUK usually trades at a 10-20% discount to CCL is that the two classes of shares don't have the same voting rights. In that respect CUK is inferior or subordinate to CCL.
So I expect an opening tomorrow in UK of around £16.20 - £16.30
Thanks bbrq648. I think I'd been upset by a few negative posters who were implying that TB was damaging companies by his flitting from one thing to another and thus implying he was a nasty piece of work.
I agree BRH is a good sound long term investment with a lot of potential. But there willalso be opportunites for traders again - it often is with this kind of stock.
Why the rudeness and unpleasantness when I ask a question?
Posters had been implying that TB had done the dirty on RMS by selling up - in fact he sold to BRH, which I didn't previously know. BRH then made a very healthy profit on RNS and sold up at an opportune time. (presumably on TB's advice)
TB is indeed a trader - I am not unhappy with this and he gets it right more often that wrong.
It doesn't affect my willingness to remain invested in BRH - the SP is madly low at present.
And incidentally I have never invested in RNS.
finally remember TB still has a lot of warrants here as well as his 5% holding. I wouldn't be surprised if he reinvested here if the SP falls any lower. But he may well sell out completely, and it won't actually affect the science or propects of any of BRH's companies. It may depress the SP though.
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.