Member Info for RogueRiver

Given that the live SP is currently +1.72% I highly doubt it.

Make that, the five largest trades so far today have all been buys:

14:38 - 10/09 Buy 455822 10.60p £48,317.13
13:17 - 10/09 Buy 327812 10.62p £34,813.96
13:52 - 10/09 Buy 327689 10.62p £34,814.01
11:51 - 10/09 Buy 304279 10.62p £32,314.43
11:47 - 10/09 Buy 235404 10.62p £24,999.90

To coin a phrase: Forget Roland Head - I'd rather listen to Alan Oscroft.

The fat lady appears to be warming-up for the Bab**** aria.

The three largest trades so far today have all been buys:

13:17 - 10/09 Buy 327812 10.62p £34,813.96
11:51 - 10/09 Buy 304279 10.62p £32,314.43
11:47 - 10/09 Buy 235404 10.62p £24,999.90

It normally takes 2 or 3 days for shorts to show up - that goes for any source, not just this site.

Someone answered a similar question recently. I seem to recall the answer was, not very. The RNS must be published as soon as practically possible, so as to minimise the possibility of leaks, insider dealing etc

"They will get the capital gain regardless do they not?"

I wasn't aware of the terms of the extant bonds, but yes, I think you're right.

"After the incentives that have already been offered?
I’d say not a chance of conversations at this moment."

I tend to agree. If as a holder of convertible bonds, however, you had reason to believe that the current bond sale was going through, wouldn't that be an ideal opportunity to convert some of your bonds to shares - and watch them surge in value, by a far higher percentage than your bond yield?

woolverstone13
I'm not, but PAAA's explanation does appear to contemplate that as a possibility.

I should have said, they don't affect today's SP.

PerArduaAdAstra explains it better than I could:

"Trades can be flagged TNCP for quite a number of reasons, however, more often than not they will still ‘count’ regardless.

You know when we receive a TR1 that says an II is shuffling their pack, loaning shares or opening positions with options, warrants or other derivatives like Citi’s recent activity? Well, all those transactions that contribute to that will be flagged ‘TNCP’ for example. Another scenario could be when a large trade is executed at a price that referenced to a benchmark price obtained at various time intervals. But, perhaps more interesting to shareholders in Sirius, another situation where TNCP is flagged to a transaction could be when the transaction results in the delivery of shares in the context of the exercise of convertible bonds."

According to the London Stock Exchange, those biggies are all TNCPs (trades not contributing to price). They could be significant, but as the name suggests, they don't affect the SP.

Like it or not, a lot of investors do pay heed to what they write.

I don't think it was a bad article. Light on detail obviously. Fool appears to be slowly warming to SM.

The SP seems to be trending upward today. 'Someone' appears keen to keep a lid on it though.

Muscadet

Sorry, but I'd rather die in a ditch (with my SM shares) than join the current Conservative Party.

avocet
Even during political crises, the day-to-day business of government continues. Government contracts are still awarded, departmental policy decisions continue to be made and, in the case of the Business Department, any considerations regarding financial intervention in a troubled company would continue. Only once a general election date has been set are government departments obliged to hold off making major decisions and policy announcements.

Alan Oscroft
Fool.co.uk8 September 2019

"Must-have shares

Interestingly, some high profile speculative shares featured too, with Sirius Minerals attracting a lot of purchases. Sirius shares slumped after the firm’s decision to delay its attempted bond issue cast fresh doubts on the recent funding package, and there’s clearly been optimism from those who see the shares as too cheap. I do see Sirius as a bargain now, though I don’t think I’ll buy any more — but I’ll certainly hold on to what I have."

https://uk.finance.yahoo.com/news/shares-investment-trusts-did-investors-100038292.html

(Correction: £870 billion)

One can see why an institution like the Norwegian sovereign wealth fund has increased its shareholding and is pretty relaxed about the bond sale. With a market value of £8.7 trillion, in extremis the fund would probably buy the entire $500million bond issue itself.

The bond sale may well end up receiving government financial backing - but from the Norwegian government rather than HMG.

For a change, a slightly more positive tone from Motley Fool today:

"To make an investment decision, it might help to remember that the company has now been around since 2003, which isn’t a short period of time. And it’s quite close to becoming a revenue generator, in 2021. Based on this history and its prospects, I would wager that it would ride out of the current situation."

https://www.fool.co.uk/investing/2019/09/07/why-the-sirius-minerals-share-price-fell-33-in-august/