RE: RE: Cancelled trades12 Aug 2018 07:35
Madpunter: I cannot give you another explanation; indeed I will pose more questions than answers. The last time we experienced the cancelled trades was two or three months ago when we in the .4-.43 range? This may have been end of May/June, possibly just after the Exxon trade you cite. At the time, the cancelled trades were more marked than recently with the share trying to rally each day only to be stymied by a large trade or trades which were subsequently cancelled without fail the next day, only then to appear again to keep the sp down. Posters were really frustrated at the time and some contacted the FCA. (Has anyone had any feedback from what the FCA found?). One regular poster, Pyrotech I think, was convinced it was manipulation so an ii could accumulate. The cancelled trades then stopped and the sp has since fallen only for them to start again, to a much lesser degree, just recently.
The ii accumulation has been talked about many times in the past. What undermines it is the fact that when YA were selling their monthly tranches, the ii Reuters reported holding was increasing each month by precisely the same number of shares YA were selling. This seemed bizarre as it was apparent to all that the YA shares were being sold in tranches on the open market. I asked Zaza face to face about the ii accumulation at the January shareholder meeting and he was equally non plussed as me and also seemed a bit sceptical.
So, I do hope you're correct in your hypothesis but I think the evidence to support it is pretty scant. Albeit I do not have any answers to either the cancelled trades or the ii reported holding ... or the fact (imo) that the sp is at a ridiculously low level considering the assets FRR owns and the potential that appears to be for the Company.
GLAlths
Sign In
Follow the stocks
