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Lots of questions answered, by a holder who attended the AGM, over on the other place.
I just spent some divi money on more shares and showing as a sell.
Having just completed a transfer to my isa of Jim shares, these pairs of trades look awfully like how my sell and buy back was reported.
About 10years ago I sold out completely after a rise. They continued to rise up to i think £5 (pre 1:4 split) and it took a long time to fall back to a point where I bought in again. I'm happy to maybe sell 10% if they have gone crazy and buy back at the point they are good value. Not easy to time but just try to win more than I get wrong. I bought back when interest rates where falling and the opinion was Jim were going to suffer. How wrong people were, a picks and shovels company. Many other brokers like NUMIS make a lot from IPO's and are in trouble when that stops, JIM don't so I'm confident business will pick up quickly.
Cheer up all, I bought some last week the day the banks went wobbly for 131, they've picked up now. I was a very early investor in and a client of JIM before AIM and generally they make money whether people are buying or selling or sitting on cash. Buy the dips, skim a bit off the top, repeat and invest the divi's. By the time you are my age you have loads and be wishing you could find another company as good. Got my wife's JIM shares in an ISA today, been meaning to get her in an ISA for ages, the drop in tax relief has been a good nudge.
Lionheart, I can't see going private as an option. Top holders hold less than 50%, mostly institutions with two largest individual investors less than 20%. Institutions like liquidity so they can buy and sell in the market so unlikely to vote to de-list imho.
Let me explain to any that don't know about auctions. Apart from a few set times of the day the Market Makers have a monopoly on trading on non SETS stocks. EG ygen. Auction calls give any market participant the opportunity to bid for or offer stock which will give a supposedly more accurate price. Particularly important on thinly traded stocks like YGEN. That's the theory. As seen the other day the closing auction set the closing price at 2.6p which gave the appearance of a larger drop the next day after the opening trades.
Hope that helps.
Hi Davand, I don't get your logic on a large seller limiting a rise in price. To my mind a very large buyer with a limit below 2.5 would make sense. It might be fill the complete order or forget it so they will be hoping buys fall away.
My 100k buy shown as a sell. No online quote to sell. My guess is there is a large buy order in under 2.5 and the market makers are buying at whatever low price they can get away with. Interesting posts on advother website.
I remember reading some time ago that institutions and large holders will lend stock for a fee to shorters but also nominee custodians will. The way to stop your broker lending your stock to a shorter is to put a sell order well above the current range against your holding apparently. Can anybody confirm this with a link to confirmation?
And now we have buys printed as sells with areal spread of about .15p
The market makers will take 200000 off you if you are fed up but only sell you 50000 at the advertise prices so someone wants to buy.
Nervous holders are easy pickings for the market makers. 6 on the bid, 1 on the offer. A good size buy waiting to be filled.
Hi CaneToad, I fully agree with you, Stocko transformed my investments too.
IC is for punters trying to get rich quick on the strength of a couple of tips, Stocko is for investors. Teach a man to fish and all that. My first years subscription about 5 years ago, I made it back and more on the strength of a Paul Scott analysis of a company which was subsequently taken over. I'd rather learn from a man who's lost his shirt a couple of times and will tell you why. For about £5 a week, learn off the experts and get the confidence to follow your own ideas not some ramper's
I subscribe to two sites, this one and Stocko. Stocko for good financial data, software for searches and comparisons, good financial articles and this one for more up to the minute trading figures and level2. So £10 a week for the two. If you can't make that back in a lot less than a year, you are wasting your time. I make that many times over just in dividends. I gave up chasing rainbows too, like twenty years ago, the impatient ignore the steady payers and risk it all on the latest hot tip. Value doesn't change, only the price you pay someone said.
Thanks for that.
I don't understand how you extrapolate their income to £M30 next year. Trading update recently said slightly in excess of £M8 for FY 2021 and Sytems Assurance 2020 revenue was £M6. From what I understand of the company they are only a reseller of Cloud services, not a Microsoft Azure competitor in the making. Have I missed something.
Bought the dip for 106.239
Jjoo. No disrespect intended but you said "it would of not gone belly up in the first place, and it certainly would not have sold for £55 million." The increasingly common use of "would of" personally irritates but it also makes the user sound thick and uneducated which by reading your posts I'm sure you're not. What really puzzles me though is that you get it right and wrong in the same sentence. Lol. Shame you can't edit on LSE. I repeat no offence intended.
To be clear
"I am not going to post again ....."
AT LAST
AT LAST!
So kind of you to break the habit of a lifetime and make your first post an unsubstantiated rumour on here. Without some posting history people will be understandably skeptical of you motives. A lot of people come on here and post so called rumours that they've just made up to drive the price down. Shocking I know. The alternative is that a lot of profit has been made recently buying BLV and people want to cash it in.
I'm sorry, I meant "You're welcome PR" It's been a long day.,