The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
A London-listed advertising technology provider has caved into shareholder pressure and abandoned plans to recalibrate a multimillion-pound executive pay scheme.
Sky News has learnt that Tremor International has withdrawn two resolutions that were scheduled to be voted on at its annual meeting on Wednesday.
They related to a repricing of share options and an increase in the amount of stock that could be awarded under the company's equity compensation plans.
Leading shareholders are understood to have warned Tremor against proceeding with the plans after a year in which its shares have slumped by more than 40%.
One source close to the company confirmed that the two resolutions would almost certainly have been defeated given the level of investor unrest at the proposals.
A London-listed advertising technology provider has caved into shareholder pressure and abandoned plans to recalibrate a multimillion-pound executive pay scheme.
Sky News has learnt that Tremor International has withdrawn two resolutions that were scheduled to be voted on at its annual meeting on Wednesday.
They related to a repricing of share options and an increase in the amount of stock that could be awarded under the company's equity compensation plans.
Leading shareholders are understood to have warned Tremor against proceeding with the plans after a year in which its shares have slumped by more than 40%.
https://news.sky.com/story/adtech-group-tremor-feels-shock-of-shareholder-pay-revolt-12767569
Mitchells & Butlers MAB.L : JP Morgan raises target price to 180p from 169p
On first reading lnterim results look good.
.
Increased ordinary interim dividend of 18.4 pence per share declared,
consistent with our unchanged dividend policy, and representing an increase of
2.2% vs the final dividend The dividend will be paid in equal instalments of 9.2
pence per share on 30 December 2022 and 6 March 2023
Unknown trades are usually negotiated trades... usually by institutions or larger holders where the time may or may not be disclosed and or the terms excludes further disclosure.
Algorythims for deciding "Buy" or "Sell" are private calulations which are are often based on the price, or more usually the moving average of the, current price at a specific time ... Calulations are not supplied by the exchange but iexchange does lead the daily list of trades with the last 5 or six trades of previous day to give a the private calcuator some initial data for a trade moving average
Tremor International Produces In-Depth Forecast of 2022 FIFA World Cup Viewership Trends
'
Tremor International Announcement 2:25 pm
'
For best results when printing this announcement, please click on link below:
'
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221110:nGNX6Wx1Rf&default-theme=true
Daily trading volume is already over 19 million which puts it in the One in a Hundred club . Maximum I have seen was 55 million on 22 Nov 2017.
'
The freefloat , as per stockopedia, is 381 million shares or just under 17% of issued shares.
News we were waitihg for ... see also RNS
Dividend: 0.0444 pence/share Ex-Dividend Date: 17 November 2022
Record Date:18 November 2022 Payment Date:16 December 2022
Penny share with a farthing dividend ... for new boys a farthing was 0.000521 to the pound back on £sd times
News we were waitihg for ... see also RNS
Dividend: 0.0444 pence/share Ex-Dividend Date: 17 November 2022
Record Date:18 November 2022 Payment Date:16 December 2022
It would appear that the closing trade was a negotiated trade ECHO (echoed) from another exchange. It should appear on todays list of the guide a list of some 5 stocks as a guide but under yesterdays date on the Stock Exchange list and is publically available.
'
a single line entry split in two for ease of viewing
Date_______Time_______Price___Currency__Volume___Trade Value
01.11.22___18:36:39___0.13____GBP_______18,101_____2,367.6
Trade type______Trade flag____Venue Of Publication___MIC
Off-Book________N TNCP_________ECHO__________________XOFF
the closing has an un explained large spike in shre price, Entry, link, below is From Company web site investors tab
'
Date & Time: 01 November 2022 16:35 (GMT)
Share__________________Last____High_____Low__(+/-)__ %_____Bid_____Ask____Volume
Jubilee Metals roup(LSE)__13.08___13.08____1.90__1.48__12.76%_11.50___11.90___1,115,725
'
This volume may explain the price hike and is different to that on two other sources
'
https://jubileemetalsgroup.com/investors/share-price-information/
A long chain of 9 x 250,000 volume £5,975 deals, with just over a minute apart, is probably as fast as you can deal using traditional off book dealing . Just pressing the repeat button to buy roughly a million shares . Backing up this are the three delayed negoitated deals for say totalling 1,100,000 ... some where some one wanted to build these positions and not moving the price against themselves. Interesting !!!
Good News Caspian Sunrise qualifies on this Strategy ... Source Stockopedia
Walter Schloss New Lows is a value investing strategy based on an approach used by Walter Schloss, who was a disciple of value investing legend Benjamin Graham. The strategy uses value and price factors as its main rules. It searches for companies that are trading below book value, using the price-to-book ratio, and at prices that are close to new lows. Schloss said: "We want to buy cheap stocks based on a small premium over book value, usually a depressed market price, a record that goes back at least 20 years?and one that doesn't have much debt." Between 1956 and 2000, Schloss's fund produced a compound annual growth rate of 15.7%. In a 1994 shareholder letter, Warren Buffett wrote: "Walter continues to outperform managers who work in temples filled with paintings, staff and computers. And he accomplishes this feat by rummaging among the cigar butts on the floor of capitalism."
Caspian Sunrise qualifies on 7 out of 7
P / B Latest < 1.2
Net Debt Latest < 0
Price History > 7
Industry Group not in "Collective Investments"
Mkt Cap GBP > 10m
Rank of Price Chg 3y% < 25
Qualifies in the top 200 stocks sorted by P / B Ascending
Simply Wall Street
"First half 2022 earnings released: EPS: US$0.003 (vs US$0.001 in 1H 2021)
Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings."
'
https://simplywall.st/stocks/gb/energy/aim-casp/caspian-sunrise-shares#past?utm_source=braze&utm_medium=email&utm_campaign=Critical+Updates&utm_content=Email
'
Their Estimates _____Current Price 0.03 Fair Value 0.39 ... Undervalued 92.3%
Kazakhstan’s president is to restore the former name of the country’s capital, Astana, just three years after he renamed it in honour of his predecessor.
FWIW ..Example today President Petroleum is offering a 200 for one consolidation in an RNS ... PPC current price is just lower than CASP at 1.28p
Fridays data by style by deal (with combined Buy & Sell)
___Style 26 Aug 2022___ Num Deals___Avg Volume_Avg Value per deal
Off Book -ALL ___________227 ________ 2,677______ £10,037
ALGO Main _____________575 _________ 455_______ £_1,098
Small ALGO _____________76 __________ 25________£___119
Buy Back Possible ________44 _______1,340________ £_4,978
Negotiated ______________25 ______19,143________£71,310
E&OE
Fridays rising share price dived from 385.2 p, at time 1305. to a close price of 374 of using a series of 79 micro ALGO share deals. Each micro deal, under 50 shares, was worth a few pounds. But each individual deal sliced a few hundred decimal points below its predecessors share price. Acting in a group, a few seconds, or even zero, apart they swamped the stack and lowered the market offer prices.
Whole day had a total number of deals over 1,000, with a combined turnover of £3.8 million, but the final share price was dictated by these micro cuts by what could be seen as insignificant algorithmic value deals . It has happen many times during recent years, is this fair play ???
REcent chnges of Buyback on Style of trading value It is early days but Trading Values on q2 aka Tue 16 Aug £11.2 million, Friday19th £7.8 million, and Monday 22nd £8.7 million were recent heavy days. The styles teste are Off Book, ALG, and negotiated and fiures are daily trading values for combined buys and sell in each v total for thr day
The money split was
Value trades __£11.2_____£7.8_____£8.7 millions
______________Day q2____Friday___Monday
Off Book________50%_____34%_____37%
ALGO____________36%_____34%_____18%
Negotiated______14%_____32%_____45%
'
Whilst all are traders I would suggest that Off book and Negotiated are more likely to stick with their shares and reduce the free float nature of shares in issue than ALGO traders which can be day traders.
'
ALGO have treated, and Negotiated (sub styles combined) have advanced as a share of daily trading. It is early days but
this would hopefully allow the share price to move from a narrow down trend and start to climb
Share 51p by 12.30. a 8.5% increase on the day so far
Rogue Trade is like a Fat Finger trade but to the downside, and it and its followers are not cancelled by market makers.
They may be followed by Auctions, ALGO and Book trades. I don't know why this was made but the number analysis is below.
Friday 18th March 2022
One price 121p had 19 trades total value £14,784,609... all listed after 16:45pm
_one was a UT Auction for £7,859,272 ... largest... next in size Rogue £4,022,399
and there were 10 ALGO trades and 7 were normal book trades at 121p
Close in price and time were 6 other trades under 130p total value about half a million,
for scale
Maximum number of trades at a whole number (no decimals) was
143p with 233 trades value £1,380,180
within the Day were 691 unique prices amongst 3,597 trades