Member Info for NAV_Mike

Doing the maths based on the holdings RNS on 20/12 suggests they were working off a figure of 856.6m shares in issue

Romaron

Im afraid your understanding of the closing auction is a bit off. The Uncrossing trade seeks to match off as many buyers and sellers from the SETS book, but there will always be orders that arent matched. That isnt anyones fault

If I was the person who placed the 1.5m sell order, I might be completely genuine and it wouldnt be my fault if there werent willing buyers at that level to fill my order. I would be perfectly at liberty to move the order down to 19.9 if i wanted to

You really need to see the SETS book during the closing auction and it would be much clear. There could be 5m buy orders and 5m sell orders but it all depends on that they are set at. If they widely diverged you could easily see very little getting filled

Hope this helps....perhaps see if you can get a level2 free trial somewhere?

Hi Romaron
Its relatively straight forward... Early on in the auction someone placed the 1.5m sell order at 20p. This effectively sets an early marker that if you want a chance to sell in the auction its going to be at less than 20p

All in all the auction after that was relatively quiet, with sellers gradually offering at gradually lower prices until the un-crossing took place at 19.80 p on pretty low volume of 338k

The 1.5m sell order wasnt filled and so potentially remains for tomorrow, probably depressing the price

If you want to understand these auctions, you need to think in terms of order AND trades - not all orders get filled

someone wanted to offload 1.5m at 20p in the closing auction so the pain is way from over

Ive never seen management like this.....a seemingly open ended invitation for shorters to drive the price into the ground, and only then set the price for the fundraising. How much are you getting paid Durrant to run this utter **** show?

How long since you let it be known we needed to raise money, without setting a price? Utterly criminal

Once again some very large blocks put into the closing auction on the sell side - various sizes between 1m and 1.6m shares, totalling around 6.5m

4.7m mopped up by the closing UT trade, but this seller is the reason we arent making any progress

After the bell O trade of 914k - perhaps they pulled the price down to accomodate this?

Clutching at straws to try and explain today

After the bell O trade of 914k - perhaps they pulled the price down to accomodate this?

Clutching at straws to try and explain today

Very weird....looking back on the trades, it seems the bid suddenly dropped 1.5p without any trades to cause it.

There has been relentless O trade buying in the last 90 mins none of which has much of an effect. Looking in the closing auction there are some really rather large dumps so that seller is still about. However they seem to have been mopped up,

Big closing UT volume of 1.3m shares

I am assuming that Standard Life or Pictet are continuing to sell down their holding as there is a relentless supply of stock coming onto the book via algos/iceberg orders

I think Saga is doing really well to whether the storm, but these 2 instis have a lot of stock still to go.....

Been watching the level 2 screen on and off all day, and there have been numerous intense bursts of AT trades that have dragged the bid lower.

I would normally surmise that its insti-selling (Standard Life?) but the comments about not being to able to buy do make things very unusual.

In any event, SAGA is now valued at around 163m which is ridiculous given that the insurance division is apparently doing well. NAV on last accounts was £987m so we are already pricing in one hell of a lot of losses/impairments

For about 40 mins there SAGA got blitzed by an endless stream of small AT trades...relentless

Someone wanted the price down, or wanted out and didnt care about what price they got

Hmmm maybe that dump I mentioned was an overhang being cleared in one go? Sure as hell bounced hard afterwards

Blimey...someone got out in a hurry first thing - big dump of AT trades almost straight after the opening auction which took as down to 128 and straight back into another uncrossing

Commodities are a nervous place to be currently...big rebound in the overall market but not shared by likes of FXPO

Looking at level 2 there has been a constant supply of stock onto the offer, and they dont seem too fussy about adding them at lower and lower prices.

Insti-selling or shorting who knows.....or maybe the combination of cruises, elderly clientele and the china virus is just making people very wary and selling up

Keeping it all crossed that 40 holds...as well it should unless the world loses its marbles

IG reports JP Morgan cutting FXPO to neutral from overweight.....ridiculous over-reaction

Aye the people who carry out the quarterly review will no doubt make an announcement later today or tomorrow

The events during the last half hour yesterday are about as blatant as you can get - if FRES had held around 595 it would have survived. However it seems certain parties didnt want that despite silver doing well

I imagine its already been taken as it was based on the closing mcap yesterday evening

Probably the reason for this mornings selloff despite silver holding most of yesterdays gains

Half a dollar off the sliver price thats why......gold and silver gettin hammered since lunch

Large 3.47m trade reported after the UT....wonder if that was the reason we bounced hard off 77.8, or was it a worked sell perhaps?

AHL Partners were still increasing their short as of 15.07.19 to 2.14% (the highest its been).

Until we can shake off the influence of these vultures, its hard to see us going up to previous highs