Member Info for NAV_Mike

And boy dont the MMs milk it.....

Probably doesnt help being a Friday lol

MMs now into their "want to take it lower again" phase. If you look at the trades list and adjust for things in the wrong column, then buys/sells are even (at worst)

Of course pending warrant share sales could be throwing a spanner in the works

Well we urgently need some newsflow from the company to show they are actually progressing things, else this drift will continue. Any reasonable size sell into this market at the moment runs the risk of more downward movement

Its a little strange that there has been no follow through to the surprising surge of late buying yesterday afternoon....hopefully later

Do you cross check with AD VFN trades?....I often find that trades go missing here but show up over there

Market reaction pretty much as you would expect to a steady as she goes type update. Tried to push higher at the open, but I dont think traders are quite ready to believe all is sunshine and roses with SEE just yet

I will be happy to end this week over 3p bid and offer, as the weeks tick down to hopefully fireworks toward year end)

This morning opens up with a spread of 23.65 to 24.20, so thats 15k of buys in the wrong column

Fingers xxd for a good daye here

@HBD

Erm.....except thats not what I said is it? I said it depends on how many will need to be flushed through.

I expect there are many different permutations of what a warrant holder can do to increase/decrease/maintain their holding. Judging by the trades earlier today, I certainly dont think they are holding onto all the new shares

In any event, this could be academic as the buying splurge late on, suggests people havent been put off. It also rather lays to rest my fear that the rise was an MM pump to give a higher exit price for the warrant shares

All depens on how many of the 1.4m shares will need to flush through the system, and how long it will take.

(He said...statiing the bleedin obvious lol!)

Does seem that HBR is beginning to drift as the recent results start to recede in the rear view mirror. Crazy

Or perhaps the shorting crews are gradually seeking to get back some of their lost profits?

I guess we had better get used to this happening after every up move....shame

Cant blame the warrant holders for having their own modus operandi, but it kills the momentum every damn time they do it

@warthog

That was the cynic in me's first though when I saw the RNS. I hope the initial rise was on buying for genuine reasons, and not some MM engineered pump to get someone a better exit price

Trade list is a bit harder to decipher this morning, but I think those ones over 25.55 are actually buys. Ive been quoted 25.55 - 26.0 all morning so I think only the 39k is a defo sell.

Educated guesswork at this stage tho

@bailiff

Of course you are correct re AIM / TA but I did notice today that the price reversed at 28p intraday and this was the top of the range that existed from Mid-Sept to Mid-Dec last year. After that if fell away down to the delights of 12.5p

Could be that we will have to overcome any'stale' holders who got trapped by that downmove before we can start the next leg up

Of course news could render all my gabbling meaningless :)

Bound to be some (chunky?) profit taking from traders soon....people need to hold their nerve

Well personally I hope the good ship S.S.Sareum is just a little bit leaky :)

Very very tight spread currently 25.55 - 25.65

Selling above mid, which is good....but renders the buy/sell stats suspect

@fog

Please dont ever sell up here foggy, I really would miss your constantly sunny disposition :)

Without wanting to clog up the update thread, I would be interested to know what the trading rationale behind the brokers handling the actual trades

The daily spend is dropping every day and yesterday (a down day) was the lowest by some margin. Could just be a single day anomaly, but since starting at £645k, it has steadily dropped to £468k.

Would have thought they would have purchased more as the price drops, or are they happy for the price to drop to get more 'value' each day?

Would say current range is 208 - 242, though the recent 9.7p xd adjustment has distorted levels somewhat.

Judging by the time it started, around 2pm, I would guess US influences?