Member Info for rugs

Prices holding well in the face of some recent sales. Today the price range quoted is quite wide. 5.28-5.12
Perhaps some of the recent sales have been newish buyers taking a quick profit ahead of news next week. Cannot think many LT holders going to sell out now ahead of news on the cashews and with CPO prices so strong.

that's 0.5m bought late yesterday.
From yesterday s opening through to this morning my brokers prices relatively stable. Its 5.17-5.20 to buy and 5.10- 5.12 for me to sell. Positive news on the cashew start-up will surely boost the price. I hope !

JL. Key question is whether the market can stay irrational longer than you can stay solvent....

have a 4-5pct fall in the share price. The 4.70 being shown by LSE is not realistic. I can sell at 4.87 and buy at 4.97 so a more realistic mid price is just above 4.90

Am glad I hold shares in AEP.....
Incidentally I think all the trades so far today are purchases.

No criticism intended....I probably should have got out later in 2017 but held on and then averaged down throughout 2019 at between 2.5-3.5
Have managed hold off buying more since then !
Good luck.

In ones and twos ?
I don't recall seeing any substantial trades recorded end last week ......

Hi Nice. Patience is certainly needed here. I first bought into ZEN back in March 2017, and have averaged down many times since, and am still waiting ! Shares need quadruple before I get close to breaking even but I will continue hold as see no point in crystallizing a loss and the prospects always seem quite bright.

Worzel, not that you can always place too much reliance on what LSE shows as the bid and ask. If you can best idea usually obtained by getting buy/sell prices on line from your broker. As of 1400 today its 5.04 to buy and 4.94 to sell from mine.. Rgds

Biker. Nothing forces you to read his posts. If you dont value them then go elsewhere.

interesting to know what the recent raft of 300,000 trades represents. They follow on from a number of trades earlier this month for 375,000 shares and all are priced exactly at the midpoint between the 'bid and ask' pricing. Anybody any ideas ? Had earlier thought they were broker repositioning. We have seen no RNS to suggest any II or director has been involved but this could just be somebody ignoring the rules.

Think there must have been a large sale which has yet to be reported. Otherwise it makes no sense for close to 1m shares to have been purchased without any sign of a rise above 4.80

Rivaldo. Agree it a really good RNS. So why is the price stubbornly remaining unchanged ?

are we seeing buys totaling more than 2 m over sells and a price fall ?

Somebody bought 145635 mid afternoon yesterday at 4.80 and sold at lunchtime today at 4.60

Seems to have been a little pickup in the price. As of midday today I can sell at 4.72

over a million shares being bought over the past week the share price continues to go downwards. This morning I could barely get over 4.60 for an indicative sale. Are the brokers manipulating the price to cover a large order or are they stuck with stock on their hands ?

jk. I don't think there is anything sinister going on here. The nominal nameplate capacity is 70,000tpa but the realistic capacity is the 60,000 tpa which DKL has been showing on all its releases for a while now. Roughly 2/3 of production needs to come in the 'high' season and the remaining 1/3 from the rest of the year. So, to achieve the 40,000 mt CPO in the 'first half' of the year we would need get c. 170,000mt ffb based on an extraction rate of 22-23pct, This leaves us to get around 90,000mt ffb in the low months. Past years have shown that DKL gets a total of 170-180,000mta so in effect the mill is working at 2/3 of realistic capacity. Best years were 2016-2017 when just under 40,000 mt CPO produced from 172,000mt ffb.
Bottom line is we need get more bunches in a tight market against powerful competition without pushing up the price we pay to the suppliers to make it uneconomic.

companies could report getting over £ 2 billion in cash and see their share price fall....

Ignore mine. not news, I should have read more before posting. Apologies.