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If no RNS tomorrow, the MMs will probably open up at 116/115p, thereby showing a 7% increase on opening price from the bogus 108p closing UT. This will generate PI interest with potentially fresh money piling in, believing that good news is imminent......That is till around 0830, after traders have sold into the rise, the share price will start to slide again and MMs will walk it down, as far as they can to generate fear. A few big orders will be filled, other canny PIs will buy at stupid low prices and share price will gradually end up where it started.
Obviously If RNS out, then share will move up / down massively dependant on quality of announcement.
Good luck all holders. Rich
Lots of dirty tricks being used here to move price around to create volume and opportunity for bigger investors to buy shares very cheaply. Earlier today I said that the bid/ask prices didn't reflect actual prices paid, and that MMs were trying to generate fear in PIs, looking at the % share price decline and run for the lifeboats! No doubt there target was to get enough PIs sell such that they could get the Bid below 100p, to trigger automatic stop losses. It didn't happen and they couldn't hold price down such that it rose back to the starting position throughout the day. PIs watching this saw the price action. However PIs out at work wont have seen and will be worried that share price has dipped another 6.1%, which is actually a bogus number caused by 1 manipulative trade of 127 shares at 108p at 1635 in the closing auction. No doubt if no RNS tomorrow the MMs will have more dirty tricks up their sleeves to cause PIs to worry / panic sell. My Advice, if you believe in the science = hold; if you are aware that IIs paid 120p at recent fundraiser = hold (why would they sell?) Relax and wait. Rich
For those of you out at work today and check your AVST shares when you get home - Don't worry about the closing price of 108p. This is a bogus price, deliberately showing down 6.1%, by manipulating the UT price with 127 shares traded at the auction close. Prior to the UT at 1635, share was trading at 116p/115p, so virtually unchanged on the day. MMs / Institutional traders using every dirty trick in book to get you to panic sell your shares at a stupid low price.
MMs keep trying to show price has fallen further than it has by false pricing (spread much tighter than shown and paying more than bid) - trying to pick up cheap shares and create volume. CV19 not gone away, and Leicester situation shows need for better and quicker testing. Buy for more news. Rich
HI Mobily, yes go to your share account holder. You should have a corporate action flag, for you to respond to. It will give you details of the proposal and then you can add your choices. The default is no action, i.e. you are not taking up the offer. Then you can choose to take up the offer 1 share for 50 already owned at 65p. You can also choose more shares - choose quantity requested also at 65p. Your account will be deducted of the funds and then you will receive your subscripted shares + any other shares available up to the total amount you requested. If you don't get all the shares requested, then the difference in money will be refunded. Its a really simple process, sorry if I'm teaching you to suck eggs here! Rich
You can also apply for more shares at 65p. You may be lucky and get some or all of these, depending on how many PIs take up the offer. For me its a no brainer - you can get more shares at 65p, which should immediately be worth more! Good luck, whatever you decide to do. Rich
I've just taken up my subscription at 65p and requested more. This share is well undervalued at current market price 69p. Too many traders jumped in when the ventillators were sourced, expecting quick profits. They have now moved on and share price should gradually move up to 100p IMO. Strong growth and high demand for medical items isn't going to slow down, anytime soon ; non negotiable items for neonatal babies in ICU; project wave potential in USA. Enhanced reputation with NHS buyers during CV19. I'm expecting share price to move rapidly once the share subscription is filled. GLA holders Rich
Finally the market makers have pushed the share price up (albeit on low volume and a good day generally in the main markets) Up 12.9% currently at 67p/64p. Hopefully will resurrect some fresh enthusiasm among investors who were tired of it waiting on the side lines for news.
Noticed that H&T are reopening more of their shops following on from a trial to ensure that it was safe to do so (news article dated 22nd May). I'm expecting RFX to reopen from 1st June, when other shops including non essential shops can reopen. There should be significant footfall in town centres and no doubt people will require the use of pawnbrokers in these difficult times..
Nice rise to 153.5p today. I reckon this is in anticipation of small "non essential" shops being allowed to open from next week\ Government intend to do the briefing on Sunday. Should easily be able to get the shops up and running again quickly ensuring social distancing. Target 200p
IHC is an investment and will deliver good results this year; however its an investment and impatient PIs are moving money elsewhere seeking quicker (but riskier) returns. I reckon this will hit 90-100p later this year on results. Could however do with a bit of friendly media coverage, just seems completely off people's radar.
Personally I would continue to hold your Tesco shares. Dave Lewis (CEO) and team have done a great job refocusing the business and getting back into profit. Recent take over of Booker inspired, along with strategic alliance with Carrefour. Share price has bounced back from 160p to 262p and is now breaking through year high, in my view onto 270p plus. Tesco still number 1 in grocery retail with 28% market. Only big risk is amazon coming in. Rich