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She has been associated with some delisitings in her time!!! Let's hope third time lucky!
Hopefully the slow and steady climb back to IPO price is underway. Think it will take some time and there may be some bumps in the road, but hopefully the worst is now behind us. Not sure how a share that has been largely static and traded a range since relisting can leap up over 40% in a day without any news (not that there seems to be any kind of requirement to report news on HKex nor any desire from the BoD to disclose any). Maybe a buyback has begun and isn't just words in the Annual Report
"Trading in shares in the Company was suspended from 9:00 a.m. on 1 April 2021 at the
request of the Company. As all the Resumption Conditions set out in the Resumption
Guidance have been fulfilled, the Company has made an application to the Stock Exchange
for the resumption of trading in the Company’s shares with effect from 9:00 a.m. on 13
October 2022."
Still in my HL account with no price
I think there is a lot further to go with this one, possibly still a few 100% over the coming weeks. The rise on Friday afternoon when it was already up over 100% - normally the when folk head for the 'exit' door - showed buying remained really strong. It will probably go up in stages - for a while on Friday it stuttered in the 10-12 range.
It's showing signs of a steady climb with some minor sell offs which is much better than massive spikes and dips. Fingers crossed we end the day well in the teens!
Probably one of each, but it is hard to tell with this share!
Yeah could be, it opened in Auction and was rising into close yesterday. Some of the price actions on this share have been out of the ordinary. It was in the middle of the 8.07 and 8.13 trades so could honestly be either. I only assumed a sell as every trade afterwards was at a lower rate. My buy from lunchtime
(about 1pm) still hasn't shown up, so there may be more trades from around that time yet to appear.
Looks like a late reported sell from 8.10, over 600k shares. As the ask almost immediately fell below 3.80 someone in London (or Sydney) either sold on for a loss or is still sat on a lot of shares they need to sell back to the market at over 4p. Hopefully it will be the latter and we will bounce back up soon now the BoE have finished kitchen sinking the economy today.
Snap. Big moves on small deals suggest we are in for some volatility in the meanwhile, but the spread makes it impossible to trade. Deffo an accumulate and watch it play out.
The bid appears to be being walked down to keep it in a low range. Someone clearly wants to buy under 3.5 which was the level at which they would take all of mine all yesterday and most of today until it fell away after lunch. Volume is obviously falling as the hype of last week dies down - but I can still sell a reasonably decent amount in one go. This afternoon I could get a sell quote for a large amount yet 5k was intermittently NT and for much of the afternoon selling at volume had a higher ask than selling a small amount. My buy from this lunchtime is yet to appear as well. We never can be sure what is going on in the background and its always easy to concoct a conspiracy theory - but it does feel like someone has slapped in a huge buy order within a range (under 3.5) and there is a 1 for the market, one for the buyer going on from any sells to try and keep it liquid and disguise demand. If this is the case.....then who? Hopefully the next few days all will be revealed!
I just dont get how sales of small beer are knocking hundreds of 000's off the market cap! It would appear there is an effort from somewhere in the system to keep the bid low and keep the spread wide.
Spread is narrowIng slowly
Fingers crossed. The fun seems to happen from about 9am
It all depends on whether HK investors see 4.5p as offering value or not as they have only know a share price from IPO levels and then downwards - whereas we in the UK have seen the IPO as the top of an upward trend then back down again (i.e. a blip!). I think there will be a lot of selling pressure for some time after relist, but possibly a bit of buying also. With hindsight I did wonder if the BOD wanted to relist sooner, dump some shares on the back of 2 years good results, drop the profit warning and buy back cheaper. I hope their only way of getting any value out of the business available now is raising the share price and growing the pot to pay dividends. I guess if we could all benefit from hindsight we would have gone on the last day on AIM.
The spread for larger amounts was awful - but then volume did die off a bit lunchtime and beyond which might explain some of it - but usually when volume dries up larger sales go to NT. Partnership with Frasers Group in terms of stock, expertise and new markets could be a major game changer. This is a hold - unless it really, really spikes!
The immediate buy volume has fallen away a bit, but all day they have been prepared to take volume at a discount to the bid - which suggests background demand is there. We seem to leap forward in the morning and fall slightly back in the afternoon. Still likely to end in positive territory again! Roll on tomorrow.
I think we will sit between suspension 4.5 and IPO price, but towards the lower end of that spectrum. The price had been slipping on virtually no news/impetus for a while. I do think it will slowly drift upwards from there - but I doubt we will be back with a bang. I think there will be anew buyers, but also selling pressure all the way up to IPO price from people locked in. I suspect it may need to be a longer hold to see decent returns.
Some sizeable moves on trickles, I suspect there will be more delayed trades. It feels like a background buyer(s) as they will always take all my holding no matter what the price has been all morning. Probably going to try and hold it in a range now that buy volume has fallen a bit.
Any reasonable sized buys are being reported late and the spread is now around 25%.....