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I thought the buck got passed to Buck.
Are you trying to say we're witnessing an aggressive takeover by...Disney?!! ;)
I think a lot of the investors from way back are still hovering about in the background, but not posting very often. Quite a few originally bought in before the spike in 2009 and many met in person back in the day. Seem to remember chatting to Redprince in an East London pub many moons ago. Or should that be one 'Moon' ago? ;)
...to shift the SP these days. A couple of small(ish) trades and a +12% jump. Suppose its mainly down to the spread though.
So that clears that one up then. The big buyer was/is still buying. Its just that the spike and dip meant the MMs took advantage of the selling and put the order through at a slightly lower level. And they made a cracking profit on all those that sold below that 88p buy price. Will be interesting to see what happens next. In the interests of transparency - I recently sold my SiS allocation, but am considering buying back in, just trying to get the timing right.
The buy and sell info is generally unreliable as its automatically applied based on the mid-point which is being moved around. Also, there can be orders that are placed but haven't been filled so don't appear in the total figures yet. Think that's what's been happening here; fairly large buy orders sitting in the background, lots of little sells slowly filling.
It definitely isn't an MM game, and the volume is there, we have a big buyer. We had a little spike that was driven by others being tempted to buy/sell and we've had a retrace from that. But the underlying reason for the rise is still there, and it won't really retrace until the HNWI stops buying.
Everyone just needs to time it right, then wait for those SP's to swap places. ;o)
Its like the heavens have aligned... PXS = 0.98p SiS = 98p
Its all about strategy and timing though. If you're thinking medium to long term this looks like a fairly safe investment. If you're thinking of selling some or all (possibly to reinvest in PXS) then you need to be thinking about what happens when Mr H hits his target holding or the max price he's willing to pay. It could plateau for a bit, it could start to retrace, etc. The difficulty is trying to guess how high it will go before that happens and how long that will take. When we hit that point we'll probably get some volatility. I keep trying to put myself in Mr H's shoes, what's his plan, how many is he likely to want, what premium is he willing to pay on the 56p flotation price? If you're investing in SiS and their growth then the SP shouldn't matter. If you're thinking of selling some, then probably best to wave a finger in the air, consult the tea leaves, and just think, what selling SP would I be happy with, ignore what people post, and then stick to that target.
I'm 99% certain that he's buying his stake for the long term, he's not a quick-buck-trader. He'll be thinking future growth and dividends, today's SP will be irrelevant for him from a selling point of view - he doesn't want it to go up, he wants everyone to sell at the moment. He's worth hundreds of millions, his investment pot (that he made from selling Homeserve shares) was +£60m. Relatively speaking this is small change to him. He obviously believes the company is going to be worth a lot more in the future than it is today. But obviously he will have put a maximum buying price in place, but at this stage who knows what that is?
frenchie38 meet g_angel...your 94p buyer. :o)
We all know exactly why its rising. There's a very rich person (or maybe more than one) who wants a significant holding and he's buying all the shares he can get his hands on. The reason he wants that holding might be to do with expansion into the US market or future sponsorship deals driving growth, etc, etc. But that's all in the future; at the moment its simply supply and demand. All the early PXS sellers have dried up and Mr H hasn't hit his holding target yet, the the increases are getting bigger and more frequent. The rise also seems to be attracting smaller new investors. Looks like our HNWI's latest buy price was about 92p, the MMs are playing with the bid at the moment trying to temp sellers, its currently around 91.6p. If they don't get enough we'll see another jump in SP soon providing the buying continues.
By looking at the trades that go through. Over the last few days they were going through in blocks often reported at the end of the day. If you added them up they were coming to round numbers. If you looked at the time stamp on the trades you could see that blocks of about £100k were being ordered together, split into four or five chunks then getting reported as they were filled. But that's assuming all the big buys are from the same person - and the speed has been determined on how quickly the orders were filled. To begin with it was quick and as people sold, but didn't know about the big buyer, then it slowed down as sellers dried up. The point being; the next block isn't ordered until the last one is filled, but every time that happens the ask jumps up. If it is all Mr H he must be very close to another RNS threshold.
Based on your 50% increase a month projection I'd be disappointed with only £1 by Xmas. ;o)
I love the way our expectations have been dragged so low that dreaming of the ideal and thinking big is now all about breaking even. WTF happened to the traditional PiXieS battle cry of "£1 by Xmas!" ;o)
We've had 3 so far, due another one any minute now... http://www.princes-trust.org.uk/about_the_trust/the_enterprise_fellowship/richard_harpin.aspx And this is how deep his investing pockets are... http://www.theguardian.com/business/2010/nov/23/homeserve-richard-harpin-share-sale
There's a very rich man buying about £100k worth every day. To begin with that demand was almost being met by the people who'd decided to sell up and re-invest into PXS early on, but those sellers are fast drying up. Our HNWI has a holding target he's aiming for, they keep having to put the SP up to increase selling to meet his buy orders. That's why its going up in steps - he buys for say, 75p, the ask hung there and the bid crept up to meet it to fill the order. Then he buys at 80p, and repeat. Looks like other buyers are pushing it up now as well though.
I think its very unlikely Moon is going to sell his shares based on a rise like this. At PXS he was +1000% up. There might be some dilution in the future to fund expansion, but that's way off, relatively speaking. The story here is we've got one, or maybe more, HNWI who are buying all the SiS shares they can get their hands on. They're pushing the price higher and higher. It will stop eventually, but who knows how high it will go? All the other stuff like new sponsorship deals, expanding into the US, new products, dilution, etc are another matter. For now we've got very rich people who want to buy our shares - I'd rather see where this goes than sell now and kick myself. Mr H will be looking at his average buying price. Thanks to all those early sellers he got a tonne of shares relatively cheap - he might be willing to pay a premium for the rest to get to his target - but if you're not holding you lose out on the excitement around how high they'll push it. This isn't being ramped - this is simply supply and demand at work - even with the masses selling up to reinvest in PXS, the demand has always been higher from the start. It looks like that's going to be the case for the foreseeable future - until that reverses I'm holding.
Haha....you sold on day 1 didn't you?! ;o) Several posts urgently trying to get your SiS shares showing so you could trade from the start, then a string of posts warning everyone else to sell. The selling happened early on, luckily we had a buyer, that buyer is still buying large volumes, but the selling is slowing - that's why we're moving up in bigger jumps more quickly. The selling won't cause us any problems because they're all being mopped up - the question is how much is Mr H willing to pay to hit his holding target? 85p? 90p £1? Who knows? For a little while last week I thought he may have capped it at 75p...but clearly that was incorrect. Having said that I'm assuming all this buying is Mr H....we haven't had an RNS for a while so it could be someone else.