We would love to hear your thoughts about our site and services, please take our survey here.
Wowzers - that is a nice solid run of blue!
Actually could it be some sort of manipulation, ie. someone with a large holding selling off little by little to drive price down, and then buying back in once the price is down and driving it back up?
Interesting I'll have to get my calculator out to see if they match.
When you say a transfer, who would that be between? Company and investor? Or company buying back shares?
Apologies as this isn't related to ALGW (although ALGW does feature), but hoping I might get some insight from the folks who frequent this 'active' board, as the share this is related too has a dead BB (I've already tried engaging with people on that with no luck).
Essentially I found a company several weeks back that has had some good RNS releases recently. Thought I'd take a punt and bought small number of shares. From observation it has a low trade volume (5 a day sort of low). For the past week though the SP was slowly drifting lower as there were far more sells taking place. A lot of these sells 'mirrored' each other in that they were exactly the same volume size and rounded numbers, eg. 5x10000 in a row. So guessing these were some large sells which where broken into smaller transactions.
Since ALGW is a bargain at the moment IMO, I figured it would be a good time to snap some more up. In order do this within my maxed out Stocks and shares ISA, I had to sell something else. Since the share in question was continuing to drift down, and the next resistance point was a fair bit lower, it got the chop. This is where it gets interesting...
Literally hours after selling (my luck), the largest single buy I've seen in an AIM share happened - £302.50k. The SP obviously perked up several percent because of this.
So my question is what would typically be the explanation for such a large single buy?
- enthusiastic PI with a lot of money? Unlikely in my opinion.
- institutional investor. Seems the most likely option I can come up with.
- director buying shares in open market. RNS would confirm, but how soon after transaction would they need to post that (buy happened yesterday afternoon)?
- company SAYE scheme. Are these type of buys done on the open market?
I'm sure there are lots of other things I haven't thought of, which is where I would appreciate your input. Basically I'm thinking it's a positive sign, and that I should shuffle some of my other shares (not ALGW), in order to free up some £££ to get back in. Hence wanting the opinion about significance of such a large buy from those of you with a more in-depth market knowledge. Is something like this generally a precursor to something?
Thanks and sorry for the long off-topic story.
Wow, I think that has to be the single biggest buy I've seen on an AIM listed company: 302.50k!
Hi guys - can you expand on what you mean by "First move advantage"?
Any which way, once the SPV has been signed people will likely pile back in. How many do so before the signing with a view to beating the herd verses those who wait until it's announced remains to be seen.
The fact that they included the line about the facility for the Warehousing SPV being finalized should hopefully reassure some of the people who were jitterish about that. Sure without including an exact time frame the short term traders will be deterred somewhat, but those with a bit more patience who might have been shaked out might start getting back in.
As usual thanks for your insight.
It would be interesting to know what the churn rate was today.
MM's aren't getting mine.
Ah ok. Crazy seeing how quick MM's make SP drop, where as with all the buying earlier it didn't even nudge up. MM's cashing in today!
Guys who caught some at 1.755 did well. Best I could get was around 1.87.
Well those folks who were keeping some powder dry certainly have the opportunity they were waiting for.
@gilesfitzh - did you go?
Maybe they're all cleaning themselves up after FXProTrader (AKA positive John) showered them all in Champagne.
sorry DOESN'T seem like it worked!
Does seem like the MM's little tree shake worked...
A nice explanation of different types with ads & disads.
https://link.springer.com/article/10.1007/s12209-019-00231-w?shared-article-renderer#Sec3
Doesn't mention whether it will be Vanadium based.
https://theenergyst.com/china-to-build-europes-largest-battery-storage-scheme-in-wiltshire/