The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
.... Mr H's broker is buying in blocks. While they're filling an order the bid gets stuck as the MMs can't buy for more than his order price. Then when the order is filled the ask jumps up leaving a wide spread, the bid then slowly follows narrowing the spread to encourage enough sellers to fill the order. So I think the bid will slowly close in on .68/.69 over today/tomorrow. If he buys more the ask will jump a little again and we'll repeat the wide spread/gradual close. If the sellers dry up the jumps might get bigger. If he (or other big buyers) stop buying it will depend if the sellers have all been used up - could retrace, could hold steady.
I think you'll find that Mckeeve and Harpin are actually following our strategy. And Midas and Shares magazine are clearly watching Alf and my moves before reporting on anything. Shares Mag is relatively new, but I walked into two random places this morning and it was in both - right next to the FT and Economist. But if it does end up in there its not just the mag readers, its the spin off stories online and PR coverage that will bring it to people's attention.
You're sounding nervous. Truth is we're all playing a tricky timing game here. I think most thought they would sell some or all of SiS and put it back to PXS. And most thought PXS would dip lower than it did. Some expected the Cavendish news soon. Many (maybe even most) have decided they won't risk the low PXS price rising before they buy so they've pulled the trigger and sold SiS early. Then we get a HNWI buying and the possibility of an article announcing this as one of the top 5 small cap shares to buy. Its true that Moon does hint at possible news; but he doesn't usually hint in a way that gives a source and a date when that date is one day away. Who knows what will happen; this might be the best time to buy more PXS, it may never be this low again. SiS might slip back, or the HNWI buying might continue. We might feature in a mag article later on today causing a stampede. Who knows....but you are sounding nervous. ;o)
I looked in two branches of WHS on the way into work. Both had Shares magazine, but they hadn't put the new issue out yet. I'll have another look later - looks like they were unpacking new mags to put out, but not all were on the shelves.
Good question. I think they'd fill the outstanding order then let it loose. If RH wanted to buy more he'd have to keep up with demand. Obviously its all a very big 'if', but it would be an interesting situation. It'd be ironic if Moon had found ways to finally deliver shareholder value at the point where many have sold here and moved their funds to PXS. I think most PXS investors had a rough plan to sell some or all here and move it to PXS, its timing the sell/buy that's tricky with so many unknowns. Of course any rise here could create a knock on effect for PXS as some remaining holders sell and then buy in there, and the higher this goes the more funds they'd have for PXS. Interesting times...
Is this where everyone who sold here to buy more PXS reverses their decision?! Well that's clinched it for me - I'm holding on to both through fear of missing out. Whether we get an announcement from Man U, Cavendish, Coca Cola, Taiwan or Shares Magazine first will determine the timing and order of any selling/reinvesting. ;o) Thinking about Richie H (as I now call him).....if he's placed several large orders that are gradually getting filled at the moment. The MMs can't really raise the current bid above the ask that he paid for the block they're filling. Otherwise they'd be buying shares for more than they sold them for. Just wonder if he is still buying if we might see little step increases as orders are filled?
You're in the same situation as me. The PXS ask keeps dropping, the SiS bid keeps rising. When to pull the trigger? In theory PXS should've dropped further than it has, but every time it touches 1.1 it bounces up, so I think its fairly stable. The question is; will we see news on SiS soon and is our significant buyer still buying...and will the PXS price stay low long enough to find out. Watch this space... :o)
Harpin was brought up on a housing estate, started off selling conkers and sweets from school, then started a fishing tackle business, won the Young Entrepreneur of the Year Award, and said this after his £66m Homeserve share sale..."I've long been told to diversify my financial portfolio but till today I've ignored that advice, although I haven't decided how I might broaden my investments."
We don't know if he's the only significant holder, he's just the only one to announce so far. Moonster might have been talking about someone else. And he's not exactly the Queen's second cousin - he's a self-made guy from Huddersfield, who lives near York. He's in there because he's got mega-$$$. He recently sold a third of his Homeserve shares, pocketed £66m in loose change, probably realised he wasn't getting much interest from his bank account, and having an interest in new growth businesses, plonked a bit of it in here, and no doubt several other places as well (we should probably bring PXS to his attention!). And he may not have finished buying yet. I think he'll go for a cool million - he strikes me as the kind of guy who would round up when buying. :o)
Our new significant holder appears to have an interest in helping new businesses grow... http://www.princes-trust.org.uk/about_the_trust/the_enterprise_fellowship/richard_harpin.aspx
The last two trades are interesting. The 125k one is almost certainly a buy as the mid was at 63.5 at the time. The last one is exactly on the mid, so could be either way. But it looks like our big buyer is still buying to me.
They haven't banned honesty have they? I assume its just a cooling off suspension. Been there several times myself. I'm guessing he'll be back this time tomorrow. :o)
Playing devil's advocate: I suppose that isn't announcing anything. He hasn't confirmed a deal has been done or who its with. Everything is based on assumption. The thing he's talking about might not even be anything to do with SiS or the aforementioned sponsorship deal. He could be talking about something completely different. I read it as: He's been getting signatures for a sponsored walk he's doing next year. And in other news, a massive FF deal is likely to be announced possibly involving a company based in Atlanta. ;o) Also, he has more unofficial Twitter followers on LSE and iii than he's actually got on Twitter. Whatever SM says and wherever he says it its likely we'll be discussing it before he finishes the sentence.
The thing is...you're asking people who have left, if they've left, in the place they left. Or you could just take the silence as confirmation that no-one has sold. :o) I think quite a few have already, but that selling has been swallowed up by a big buyer. The selling will probably start to slow down soon, if the buyer keeps buying we might see a little rise. Others are holding because they're expecting some news soon, if that comes we might see a few more sellers as new buyers come in. Personally, I'm holding for now. With only 19m shares in issue it should react to news better than PXS, if we see a decent rise I'd consider selling and putting it into PXS - but it seems likely it'll stay stable or rise slowly at the moment.
They knows something I tells ya! Word on the street is we'll be seeing a Cola flavoured gel soon. A mate of mine unicycled past the factory last week and saw a pile of red and white test gel packets. ;o) Its impossible to know what's going to happen. Lets be honest so far everyone's got it completely wrong. It looks like SiS will be a gradual steady growth story, but PXS still has that unknown, anything could happen feel about it. Many are expecting a couple of positive announcements here so I'll stick around for that. If I make some $ I'll pop it back into PXS. Which one do you think will hit £1 first; PXS or SiS? ;o)
There appears to be lots of small PXS PIs selling their allocation. But in the background there's a big buyer happy to take them all. Over the first few days of trading we saw lots of little sells, then a +100k buy that accounted for all those sells and the rise. Since then we've seen lots more little sells, so I expect we might see another big delayed trade once the order is filled. Hopefully what we're seeing is wealth being transferred from the impatient to the patient.
Somehow you've managed to turn free bonus shares that have only ever traded higher than the launch price into a loss. Impressive. I'm guessing its just an error on the automatic calculations; whatever it says they started at 56p and now they're a little bit higher.