Member Info for simx

Well I'd hate to put you in that position Newdealz, best keep schtum in that case. So far, as the day has played out I could have got another 4.6p had I waited, so your comment, given after the fact of my sell was accurate. I also said my sell was marked on the ticker as a buy. How can you be sure that the data from which the charts are derived is reliable?

Newdealz, we'll find out soon enough, but i'm happy. Do your charts tell ( approx.) when and by how much I may have missed out?

Nice one. Just sold ones I bought yesterday @262.5 for @278.2. Showed up as a buy on the ticker! Several posters have recently commented that trades can be deliberately marked incorrectly in order to put sells through as buys and vice versa, thereby causing incorrect Buy and Sell totals to be displayed, further muddying the water.

Angersharkz, Edward, thanks very much for your replies, very plausible. However looking at the FTSE100 and RMG SP charts on Friday, they both begin to drop around 1:15 pm and stage a rally around 14:35, before continuing to decline at 14:50. Perhaps RMG SP was just tracking the FTSE100? I'm also wondering if RMG's demotion to the FTSE250 could be the trigger for a further decline in SP, doesn't seem to take much to make RMG drop further. I got out at 307 guessing it would fall further. Not a lot of good news medium term. From my perspective it would be helpful if SP continued to fall, but intend to get back in sometime before exdiv at end of July. Shorttracker has RMG shorts at 2.9%.

21,396,523 UT sell at the end of Friday. 956 million shares in issue so this sell represents approx. 2.24% of total shares. Anyone have any insight on the implications of this trade?

Thought it was only Friday. I'll possibly have a lie in tomorrow so ta for that.

Angersharks, cheers for the tips but day trading isn't for me. Before the results were released, I knew there would be some big price moves, and if I called the direction then dealing costs would be more easily covered leaving a profit more in line with my measure of reasonable risk. Some easy calls, profit made. Found it quite exciting, like a day long horse race. There will be more big price swings, but I think general sentiment and shorts and will drive this down, especially when negative news is added to the recipe on a given day. I will continue to hold and occasionally trade RM, but my main aim is to see how low this goes and hopefully call it reasonably accurately, then hold. Once the war is over and more normal economic conditions exist this share could do really well in my opinion. GLS is worth the share price on its own, lots of investment being made in RM, can't see downside in the longer term. Just been demoted from FTSE, could be another downward trigger for tomorrow but it's the mm's and shorts who will decide.

NewDealz pretty much called this yesterday. MMs with buy orders around 305 and the shorter's filling them. Hardly strayed from 303-306 all day. Saw several pages of trades price didn't move, buys and sells same price. Total stitch up and I'm sure the players can hardly believe they can get away with such a set up. Throughout the day it was all blue, no price movement.

I think Angersharkz was saying 325 is good long term. Todays share price movement disconnect from the trades looks like a repeat of yesterdays pattern and on that basis a move to 290 wouldn't be a massive surprise, so yes, short term I'm off the pace, long term, no worries.

Anger, Scamp, thanks for the info and advice. I have absolutely no doubt that 325 is a good price long term, RM benefitted from covid and are using the money to modernise. GLS is a cash cow not requiring level of investment that RM requires, and its running costs are far lower. However, right now I believe the price is going to see volatility and it would be nice to use that to increase shareholding. Yesterday's trading was absurdly counterintuitive re. price movement to trades which adds even more uncertainty. Combined with wage negotiations and possibility of strike action, shorts amplifying downward movement, I believe there will be some big swings. Already been down to 290 on what I considered to be pretty reasonable results, and strong possibility to go even lower. Union won't accept whats on the table, and Scamp's estimate of 4.5-5% wage increase being acceptable to the union would be a good outcome. Personally I think the offer will be a little higher than that, 6%ish? I could be wrong, but Pullinger's rhetoric has so far been fairly measured, maybe he is becoming more pragmatic. It's been stated that every 1% costs £40m, and that's just one of the costs that have to be dealt with, lets hope cost saving plans bear fruition. But looking at todays current price of 304 I think I have passively accepted that I'll be holding for now.

Very good point. You'd have to use a cat which had used up 8 of its lives.

*correction:Late trade closing price 7p higher than last reported trade price.

I read your post again, some new ideas for me but I get what you're saying; there are numerous ways to camouflage Sells so that they don't affect the share price, resulting in greater benefit to the mm and Seller. I watched the trades today and once the big drop happened at 10 ish it was a very gentle decline as you say. The magnitude of it disconcerts me £25m bought, £5m sold. Also, I thought mm's had to provide firm 2 way prices. Looking at the late trades, closing price was 316 set by 2 large buys, which is a big leap from 309 of the last reported trade. Perplexing and not sure what to anticipate tomorrow. I'm in at 325 and trying to decide whether to get out early, or anticipate a bounce. Certainly what happened today to the share price goes against common sense, and the trades during the market open period can't be trusted, Buys 5X sells and share drops almost 20p. Late trade closing price 9p higher than last reported trade price. I think it would be interesting to get up early tomorrow.

Thanks Newdealz, fascinating but nonetheless to me something of a mystery inside an enigma inside a box. Question for me is, is it alive or dead?

Hi Newdealz,
So £25m buys, £5m sells, share drops 5.6%. I'd like to understand that. Are you saying that a mm marked 'sells' as 'unknowns', thus allowing these sells to have a neutral effect on the price ? I am finding todays trading and the numerous Buys in the '00,000 which didn't move the price very perplexing. As a layman, my understanding
was 'high demand, price goes up'. When Buys are 5X the value of sells and the price nosedives ? I really don't understand this and would be grateful for further clarification Newdealz,

Anybody know if shares transferred from a broker to a short would show up as a trade? If so would it show as a BUY? Reason I ask is because there were numerous trades in the hundreds of thousand units today classed as buys and the share price didn't move. Apologies for my ignorance and would be grateful to know what these trades are.

Anger, I think RMG will be able to argue extenuating circumstances and at least mitigated any punishment, so probably not all down to an Ofcom investigation.

True, 750k more buys than sells today. Ofcom investigation is all the pretext that's needed to drop this share like a stone.

And would closing a short be classed as an Ordinary Buy red?

Forgot to mention it was a BUY