Member Info for Setanta1

I tend not to like the concept of cross trading because, as I've already said, it lacks market transparency at the point of trading. But having seen your own openness in the matter I'm giving it some thought. A trader with a large holding in ZPHR could have sold it in the past several months by cross trading but couldn't have done so via the online market. Food for thought there!

how many ZPHR do you hold,theyknowitall ? My best buy was 7.178m @1.67p in January. But I also have substantial buys @.8p and 1p and I've usually bought in .5 or 1M trades. And look, no cross trades!

It has been rangebound at around 7p for the past five months and it bears all the signs of being manipulated.
Today, for example,there were 4.7 m shares traded during normal hours. Of those 2.2M were reported as SELLS and 2.5M were reported as BUYS. But the SP fell.
There were a further 2.5m shares reported as late trades and all of those have the hallmark of BUYS at todays price range.
There is no shortage of available shares, but they are not being presented by MM's.Yes somebody should ask CH about the SP activity, but I fear there would be an evasive answer or none at all.
The good news though is that we may be nearing the end of the manipulation!

Having a bad turn, mcmadder. I'd better use the filter.

theyknowitall, and what is unusual and hidden is that the trades were not declared during more than one entire trading day . A declaration is supposed to be made within 90 seconds.Also during the long non declaration time traders were deprived of important market information.
Having said all that the reporting of transactions relating to ZPHR is appalling. Relatively unimportant trades for even 100k are daily left unreported for hours by MM's. That is not usual but it applies to ZPHR's market makers. If you want to make a comparison just looK at the reporting of the trades in GGP. More or less impeccable!
Anyway thank you for your responses. You have your view in relation to cross trading and you are entitled to hold it. I'd like to leave that there. To pursue it further would only be a waste of my time. Go well.

At the moment one can't sell more than 100k online whilst a cross trader could probably sell several million shares which would probably go unreported. If one stll holds millions of shares that is concerning. If you only hold up to a few hunded thousand it needn't bother you .

With respect you're completely wrong. But it may also depend on how many shares one holds!!

The Cross Trades mentioned by one of our posters as being made on last Friday have still not been reported. They amounted to almost 9M shares in ZPHR.
By regulation trades should be reported within 90 seconds of execution.
The point I want to make is that there has been an extraordinary amount of jiggerypokery with the dealing in this share over the past 4-5 months. Frequently trades are not reported for hours or even overnight, although they may only amount to small numbers in individual trades. That is contrary to the rules of the stockmarket. It is also totally against transparency for investors.
I have never liked the practise of cross trading and I have never indulged in it. It works to the disadvantage of traders and MM's. It distorts the market in shares in which it is practised and is completely lacking in transparency.

Thanks theyknowitall, I havent been able to locate the Miton holding on the morningstar link but it doesn't matter because the information you have just provided makes it clear that Miton was not in a "notifiable"position. What your information does make clear is that there is a lot of information about the share which is not easily available to online sell and buy only traders.

The first relates to Miton. How do we to know that Miton sold 3m shares. I wasn't aware that they had a holding and they are not listed among the significant share holders.
The second relates to the cross trading. I think that it is quite possible ( theyknowitall ), that your deals via that route will not be reported at all. Normally investors on Aim trade online using their choice of online broker who places the trade with one of the approved MM's. Now MM's have a tendency to keep a very low level of stock inventory and the minimum amount they need to provide per trade is also very low, just enough to satisfy their duty to make a market. Last week a poster here pointed out that he was unable to get a quote to sell 300k shares! But here's the rub! MM's live by the SP spread. Brokers do not. So someone cross trading is likely to get a better price. And the trade will need to be reported to the authorities but will probably not appear in the list of trades provided by MM's. That does not make for transparency. In some juristictions cross trading is not permitted,I believe, because it is thought to distort the market in a particular stock.
I can't vouch for the effect on the ZPHR SP but I still believe that has been manipulated in one way or another. This post is aimed at increasing my understanding, not in taking issue with anyone.

The cross trading lends another slant to the strange behaviour of the ZPHR share price. For instance it will be interesting to see whether all the trades theyknowitall has listed are reported on Monday!

The point you make gives backing to my contention that the share has been managed for some time. In effect you are saying that you bought 6.5M Zephyr shares in eight deals today, and that none of those buys were reported. On the other hand about 5M alleged sells were reported. Seems to add credence to my theory. Thanks.

theyknowitall, but,for clarity's sake do you realise there were only 5.5million shares,(buys and sells), traded all day!

the penny has dropped here at last. Gold tomorrow and today jobs for the boys.

and spud. Revisiting because I saw news of the latest placing I was surprised to find that you men are still here. Like you BP I joined up for the IM project before the JW era. I had never felt happy with the shipyard idea and , also like you BP I felt that only a massive government handout would provide some possibilities here. So i'm sorry to see that very little,if anything, has changed for the better. All te best. Setanta.

found it difficult to understand how investors could be persuaded to put their money into an enterprise which is in effect an investment fund where the chief sells when it suits him and where the investors ,if they're lucky, get a very small slice of the cake. Perhaps I'm missing some important aspect of the enterprise and I hope the current difficulties may be overcome to the advantage of the shareholders.

That's HARL, its activities and the SP. And it's been like that for years.....and years!

Sorry, wrong board, as you can see!

That's HARL , it's activities and the SP. And it's been likethat for years.....and years!

the intention is that the new non op wells will be self financing. That leaves two questions :1. How is Paradox to be funded? 2.When is the liquidity problem with the shares to be sorted out? And how?
Todays activity wasn't really so important from an investors point of view. Seeking about £27m infunding for good assets and the reported sale of 9m shares which took place ten days ago is hardly cataclysmic.The important news which ought to pitch the SP into the 10p environs is yet to come.