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What is printed as a buy or sell cannot be trusted.
There is no longer a requirement for an electronic order book, hence L2 is useless to the eye now.
The big boys have direct market access, the market manager can drop the price to the lower band of the spread, the big buy is executed, but is printed as a sell due to the side of the bid/offer spread.
Dropping out of SETS, really is trading blind for retail. Fun and games in here now, you can see the large volume being massaged away from retail to the Funds.
A big gap up one day leaving most of retail out for good.
Retail never wins big.
I thought it was a cross-listing and the qouted valuation of the company was therefore the entire issue across all exchanges, total shares multiplied by LSE price as LSE is the principal market.
Nope, its what makes a mockery of the companies valuation, the MOEX shares are listed on the exchange separately out of the 473 million issued float. the actual free float is ~71% so in essence 335.83 million shares. Now 70.52 million are listed on the MOEX hence the NSD problem and the company at present holding just under 40 million in paper. They are saying still 12% to go which does not quite add up as this would only mean 45 million reside on the MOEX which is incorrect from what I have read in the past.
You cannot have the complete free float across two separate exchanges with different valuations, they are the same company stock, but in two different sh%t buckets, with two different prices but should represent the same value relative to the local currency which they do not which is totally and utterly unreasonable.
which make it impossible to offer buyback on equal terms to London and Moscow exchanges.
https://www.polymetalinternational.com/en/investors-and-media/shareholder-centre/shareholders-faqs/#accordion-q-31
The Board and the management strongly believe that share buy-backs are presently inappropriate given short-term liquidity challenges, grave business uncertainties, and NSD challenges outlined above (see Q. no. 12) which make it impossible to offer buyback on equal terms to London and Moscow exchanges.
See it delayed publication brokers building large orders and printing after hours
473 million in total
127 million ICT Group
47 million Blackrock
21% on moex so 21% of 356 million so ~ 75 million
10 million institutions see Yahoo finance
PPF group own 15 million shares
356 million minus the above absolute maximum 210 million free float not taking into account the AIX float.
10 million institutions is a low ball park guess
Where you seeing that buy Ray? Nothing on ADVFN feed. You seeing the print after hours?
Funny thing is if MR is holding 200k shares then he owns greater than 0.1% of all LSE free float of a once 9 billion pounds company, where do you live Mr Ray?
The SETS/Clearing House debacle has something very odd smelling about it.
You can only put in orders now via your platform who then directs it to the broker as II and HL are not brokers, they use brokers.
You can no longer short this stock, only buy long and sell only on leveraged offered platform's such as IG.
I wonder how many Brokers, not platforms have access to Poly?
There is a lot less than 200 million shares in free float on the LSE.
BR own 47 million
MOEX 100 million
A Nesis and insiders 127 million
Stock locked in the US anyone's guess but some big bag retail holders, just read Stocktwits and Reddit.
Stock on the AIX.
Institutions hold over 10 million share minimum..
An absolute maximum 200 million free float on the LSE, possibly a lot less.
Some very sticky hands as well.
The company instructs LSE to drop the stock out of SETS.
Then instructs its Corporate Broker to scoop up any large volume sells.
I mean 10 million shares at 250p, pocket change to a company with Poly’s cash flow. 25 million quid.
The scooped up shares support the SP and are held in a company treasury account for better times.
If they are not doing this they bloody should be.
Is it still possible to short this now having no electronic order book, no algo trading?
If the mm is taking all orders, then possibly not?
This morning yesterday’s large buy order was finally printed.
Dibs nothing on my feed? Sells outweigh buys today fella?
Spike to 400p happened co-incidently and peaked on the 4th April 2022....Last year....It dropped to 168p later in the year..
Ray you still in here? You said you have off loaded your longs?
155k volume buy at bang on the end of the day...235p paid...Shake it baby.
MassiveRay sells all his 200k longs.
Just imagine if a GDR is agreed, the mm's open it up tomorrow or Monday north of 1000p.
That would be heart breaking after holding for nearly a year Ray?
Then again it could go the other way hey buddy?
https://web.telegram.org/k/
Search "POLY London"
App works on PC or Phone.
Imadeabooboo have you joined the Polymetal Telegram channel yet? Over 180 posters, no war talk, just Poly and no BB waffle!
https://web.telegram.org/k/
hTTps://web.telegram.org/k/
London Poly
Imadeabooboo,
Link above, there is a great Polymetal channel, down load the app to phone or PC, login using cell number, search Poly london, you'll fit in there a treat, very good information regarding the company, also the benefit of zero spook holders due to login security.
Thanks infor.
£3,407,846.12
Wondering what impact that will have to the downside? Hell of a large sell to push through as an ordinary trade at once.
Ramp guessing you have off loaded that 242p buy?