RE: 2 good posts today!!!21 May 2022 16:19
@Foor some platforms are only allowing 'sells' thats another thing, as they are marked as sells and not put through during trading hours could be stop the price dropping, or they could be buys sells placed on order book and put through out of hours to mop up the left overs from the day, the price can be either sell or buy at that point only registering as a sell due to the close price.
I am sure that if big enough orders are placed on the book the market maker will find a way to fill them, the bigger the order the more likely it will get filled. As the order is for a big round number i would bet more likely a buy, i look every day and cannot remember seeing a buy go through for 500,000 in one order, so unless they have been accumulating stock its more likely to be a 'buy'.
Institutions dumping some stock we will get an RNS as im sure you know, again only very small amount in greater scheme of what is the total so free float of LSE again as we are talking about sell does not make sense because they are stock already 'owned'. If it was an order that wanted to be hiden from the market it would have been broken down into smaller chunks rather than 1 big one, this would have prevented any big price drop allowing the seller to off load at max price, even 1p with 500,000 is £5k.
It could also be just a normal out of hours sell, with no relevance to news.