RE: Cant be long till a TR113 Feb 2025 11:42
Good afternoon Fellwanderer (it's afternoon here in Spain). When someone buys shares on a T5, T10, T15 etc, they agree to pay for their shares on the settlement date. If the transaction is a T5 trade then the purchaser has 5 days grace to settle, hence the term T5. The trades you are seeing for the same amount of shares but at a slightly different price is effectively a rollover. The purchaser has closed his position from his existing trade and immediately taken a new position at a new price, albeit slightly higher. Good luck. Atb Popeye.