Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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/
It depends on the opening price, and whether there will be a glut of shares after the placing.
7p or less definitely worth a punt for a company TB favours at the expense of BRH.
Over 10p, and I'm not going to bother.
I can't see that we will ever be back to 50p dividends (at least in the next 10 years), or a SP over £25 in the next 5 years.
The problem is that:
1 There are a lot more shares in issue.
2 The vast amount of debt needs to be taken into account in the short to medium term.
I don't understand the current enthusism of the market for the Q1 results today. How can you celebrate a monthly cash burn expected for 1st Half (ie up to end August) of $550m? IE $3.3b in 6 months??? It's a bit less than previous forecast, but the problem is that in the next quarter, there will be very few actual sailings, and in Q3 many ships may still be idle.
Surely the SP has advanced a bit ahead of itself? I'm afraid I sold out today (except for last 100) at just over £18, and won't be tempted back in unless the price dips below £16.
Very good clear article. Thanks for posting.
The third diagram is particularly bad for LFTs and trying to use it for say, the entry to a stadium.
So will the S&S of our test be much better? A sensitivity rate of 95% would cut the false negatives to 2 or 3, and a specitivity rate of 99.9% would cut the false positves to around 10.
Thus about 5 in 6 persons tesing positive would really be positive, compared with 3 in 10 with LFT.
Thanks, Ken.
They'd better update their website then. The original short cruises are still advertised, but click on to book, and the website just returns to results page, with no explanation.
Poor show!