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Very slow day today. Virtually no volume - only a dozen sells in 3 hours with a TOTAL value of around £4K.
16-Jun-20 11:16:56 0.701 49,630 Sell* 347.91 A
16-Jun-20 11:13:37 0.74 337 Sell* 2.49 O
16-Jun-20 10:19:45 0.7099 21,866 Sell* 155.23 O
16-Jun-20 10:12:37 0.7105 5,486 Sell* 38.98 O
16-Jun-20 10:07:50 0.7105 71,211 Sell* 505.95 O
16-Jun-20 09:51:41 0.7105 50,099 Sell* 355.95 O
16-Jun-20 09:39:27 0.7105 4,065 Sell* 28.88 O
16-Jun-20 09:21:19 0.7105 100,000 Sell* 710.50 O
16-Jun-20 09:14:33 0.7105 64,739 Sell* 459.97 O
16-Jun-20 08:08:55 0.7105 69,707 Sell* 495.27 O
16-Jun-20 08:08:17 0.7105 45,339 Sell* 322.13 O
16-Jun-20 08:07:32 0.7417 87,636 Sell* 650.00 O
Slowest day this month was last Wednesday with only around £65K of trades. Nobody buying or selling with bid 0.68p and ask 0.86p (crazy >25% spread).
There was another mysterious trade on the latest trades page of the Eurasia website on 29/04/20.
29/04/20 15:31 3,000,000 4.51 0.00 0.00 £135,150.00 Buy
A 3 million trade at almost a 40% discount to the 7.2p price at suspension. It is listed as a buy rather than a sell.
capslock, IMO most of the volatility after the last RNS was due to day traders wanting to make a fast buck. The share has settled at around 0.95p with around an 8% bid/offer spread so buying in at 1.04p isn't too bad. If you look at the big 2 buys at close over the last couple of days these people paid 1p and 1.3p to buy in. Buys have been exceeding sells for the last few days, yet the price seems to drop slightly at close with each passing day. Why is this if the demand for share purchases exceeds the demand to sell shares?
IMO the MM are keeping a lid on the share price. This flushes out the traders and holders who have bought in but are having doubts about their investment. The pattern is any shares being sold are being bought up in big chunks at a slight premium and these come through after the market. We'll need to wait to see if this trend continues.
If you want out at 1.1p then you can set a limit sell at that price and you may get lucky and the price will spike up briefly for the MMs to buy your shares over the next few days. I've done that with another AIM share having an "ambitious" limit sell that was executed. I then hoped to buy back in when the price dropped by 10% or so, but the price kept rising so I didn't have an opportunity to buy back in.
Luckily I only traded around 35% of my original holding, so I continued to make more on the other 65%.
There probably won't be any significant rises unless another RNS comes through with further good news. I'm holding for the end game on MTFB, as I'm a LTH and initially bought in at 32p, although I've got my average down to 4p now.
*right
Wow Bobby, you have to argue with everything saying a broken clock is only right once per day? I suppose there are the old "digital" clocks that use physical numbers on a carousel that have AM and PM on them that if they broke down they would only be right once per day. Maybe Kettle should have said that a broken ANALOGUE clock is write twice per day.
Actually Bobby, come to think of it your argument is likely to be more true than Kettle - you getting 2 things right in 1 day is very very unlikely! :-)
I bet the MMs needed to work hard to fill that £103K buy. Buys were already exceeding sells by over 3m shares today. That single after hours buy was greater than ALL the sells today. Looks like the case of the strong patient investor buying from the traders and weak holders...
The last couple of days have seen the demise of the day traders. Today especially there is a big bid/offer spread (around 15-20%). Low trading volume now and big gaps between trades - no trades for 1 hour here:
19-May-20 12:03:26 1.057 283,259 Buy* 2,994 O
19-May-20 10:59:35 0.994 230,944 Sell* 2,296 O
Buys exceed sells by around 5m. Perhaps the amount of available shares drying up is causing the big spread? MMs relying on weak holders for supply of stock. IMO the low volumes will continue until another RNS with some news...
They also paid a significant premium to the ask - 1.275p
Yep, i's gonna soar like an eagle just for Bobby! LOL
Oiluser, I don't know where you are getting a 0.1% mortality rate from.
https://www.worldometers.info/coronavirus/#countries
The data suggests the mortality rate is much higher than 1% and males are more likely to die than females.
The MMs dropped the bid to 1.17p for a few minutes and I was waiting to see how many stop losses or panic sellers they got. Their tree shake didn't work, as there no trades going through anywhere near 1.17p. Glad to see the MMs weren't getting a supply of shares by pulling that trick. The lowest sells were only a couple of algo trades at 1.28p, so no PIs were mugged in that move:
14-May-20 14:55:08 1.30 50,000 Buy* 650.00 A
14-May-20 14:54:25 1.30 5,311 Buy* 69.04 O
14-May-20 14:54:06 1.298 249,000 Buy* 3,231 O
14-May-20 14:53:46 1.28 100,000 Sell* 1,280 A
14-May-20 14:49:07 1.28 32,000 Sell* 409.60 A
14-May-20 14:48:33 1.358 30,626 Buy* 416.02 O
Well played the buyer who bought 249k shares at under 1.3p!
I noticed that too, but don't have an idea of what's causing it. I thought that a tight spread indicated there was lots of available shares for trading, yet regularly going NT to buy and ordinary sells have reduced and algos are doing must of the selling now...
Looks like Mr £x92 is doing a bit of day trading today. This person has been quietly buying in fairly small amounts since just after Easter but now getting in some bigger day trades...
13-May-20 09:05:54 1.19 839,664 Buy* 9,992 O
13-May-20 09:19:11 1.34 148,657 Buy* 1,992 O
13-May-20 09:42:44 1.70 117,176 Sell* 1,992 O
13-May-20 09:43:09 1.652 483,807 Sell* 7,992 O
Either that or it is a couple of random traders that use ii or some other platform that charges £7.99 per trade and they like to buy in rounded chunks of cash...
Which RMS is that Bobby? Maybe the RMS Titanic, as your deramping skills are sinking fast... :-)
Talking of sells, here is one of the MM tricks to mug a few investors of their shares. IMO they had set stop losses at just over 0.8p.
12-May-20 09:19:06 0.8622 136,909 Sell* 1,180 O
12-May-20 09:16:27 0.88 100,000 Buy* 880.00 A
12-May-20 09:16:15 0.88 27,732 Buy* 244.04 O
12-May-20 09:16:00 0.8602 233,525 Sell* 2,009 O
12-May-20 09:14:13 0.855 150,000 Sell* 1,283 UT
12-May-20 09:07:21 0.8038 281,596 Sell* 2,263 O
12-May-20 09:02:10 0.80366 100,000 Sell* 803.66 O
12-May-20 09:01:40 0.8978 441,122 Buy* 3,960 O
12-May-20 08:59:58 0.8998 1,950,000 Buy* 17.55k O
12-May-20 08:59:56 0.80907 439,153 Sell* 3,553 O
12-May-20 08:59:38 0.90 28,000 Buy* 252.00 A
12-May-20 08:59:20 0.91 25,111 Sell* 228.51 A
So MTFB is trading at about 0.9p as shown by the first 2 auto trades. They drop the bid at 08:59 to 0.8p and 3 sells occur, which amount to 820,749 at under 0.81p. They wait 7 minutes to see if their are any lemmings who decide to press the sell button manually but don't get more shares. At 09:14 a UT happens to reset bid back to a more sensible level of 0.855p. Normal buys going through at 0.88p and sell at 0.86p.
They scored over 820k shares at a 6% discount - not bad for a few minutes work!
MrNation, talking of cheap shares the MMs can see the set value of people's stop losses. If enough shares have stop losses set they sometimes drop the bid for a couple of minutes to take out these stop losses and then they have a supply of cheap shares to sell on again at higher rates later in the day to control rises. This technique is regularly employed on AIM shares (seemed to be done on EUA).
There were a significant amount of auto sells after 15:30 up until close - was this the MMs selling some of their surplus stash to fill the later big buys?
I'm one of the original LTHs who bought in 2018 and was 99% down on original investment. I thought my original £3K holding was gone but just kept the shares in case of a miracle. Another LTH said we should chuck another few quid into the hole when MTFB was at 0.13p. I just bought £80 (was the only spare cash I could afford to lose at the AIM casino) but it brought my average down from 13p to 4p. IMO recent developments are very positive and the share should fly. This isn't simply about doing an RTO when you see who joined the MTFB board now!
Today the buys are about 1.6x the amount of sells. This could hit 1p if the holders sat on their hands rather than pressing the sell button...
The holders can influence the price by not selling and MMs would need to raise their bid until they encourage more sellers. The demand to buy is there due to intermittent NT as buys exceed sells!
Looking at the recent trades, there only seems to be 1 buy above £2.5K.
11-May-20 14:05:32 0.880 454,195 Buy* 3,996
Everybody else has kept to smaller deals. There are, however, people who are still building holdings without drawing too much attention. Mr £x92 is back doing multiple small purchases throughout the day:
11-May-20 09:39:33 0.8872 111,814 Buy* 992.01 O
11-May-20 10:27:29 0.879 112,857 Buy* 992.01 O
11-May-20 13:14:44 0.879 112,831 Buy* 992.01 O
11-May-20 13:21:27 0.879 112,831 Buy* 992.01 O