Member Info for steve124

It's not the MMS that report whether a trade is a buy or sell. It's sites such as this one and is a guess based on the transaction price and the prevailing market bid-offer.
Agreed.....but if you have a spread on a share of say 7.5 sell to 8p buy, you would think any price above 7.75p would be a buy.
Recently the buys have been virtually the same price as sells is the spread has been very narrow but the quoted spread has still been left at 0.5p.
I would suggest MM are responsible for this?? Edited

It's not the MMS that report whether a trade is a buy or sell. It's sites such as this one and is a guess based on the transaction price and the prevailing market bid-offer.
Agreed.....but if you have a spread on a share of say 7.5 sell to 8p buy, you would think any price above 7.75p would be a sell.
Recently the buys have been virtually the same price as sells is the spread has been very narrow but the quoted spread has still been left at 0.5p.
I would suggest MM are responsible for this??

"My guess is there's a massive overhang that will need to be cleared before any move higher. Going to take some serious buying pressure to shift."
Agree with the above but why would they represent buys as sells all week and make it appear no-one is interested in buying?
I would have thought if the II or MM had a tranche of these arriving next week (400 million) then they would want to get the price up not bring it down.........or am I missing something??

"My guess is there's a massive overhang that will need to be cleared before any move higher. Going to take some serious buying pressure to shift."
Agree with the above but why would they represent buys as sells all week at it make it appear no-one is interested in buying?
I would have though it the II or MM had a tranche of these arriving next week (400 million) then they would want to get the price up not bring it down.........or am I missing something??

yes if it smells fishy it usually is fishy - most buys have been reported as sells as verified by the buyers on here.

seems strange its £68 again.............must be a 2nd bag of fish and chips..........lol

07-Jul-20 14:06:30 8.00 850 Buy* 7.50 8.00 68.00 A

This pointless buy which must be fake has just created a false spike in the graph...........why??

Forward selling of the 5p shares out next week?

I wondered if with the release of so many shares given away at 5p, they were trying so show the pi's that the price was dropping back down in the hope they could grab more before the next announcement of which they will have more info than us.

Sell: 7.60p | Buy: 8.30p | no change0.34p (4.28%)

Actual buy price is 7.74p but as its closer to sell price than advertised 8.3p it will come through as a sell so the market is given the impression there are more sellers than buyers.

somebody extremely desperate for £20??.....................doesn't make sense.

Roronoa - I have a decent amount and I do believe in this stock long term but I'm thinking of could i make more by being in and out rather than a medium/long hold.

XPB - if that sale triggered the price to say drop say 1p then presumably you could buy it back the next day in smaller amounts and make a profit? Could that work?

Rob95- you only have a couple of days to place your order - 3.1 shares at 5p each for every 100 your already own.
Your broker should have a link to apply.

What if the share price is 15p 2 weeks later - is it worth it then?

Yes it says that but look at prices either side and it has the letter A at the side. My point is there doesn't appear to be a reason why.

There was a "buy" at 13.05pm at 8.50p but its never ever been that high today?

Just re-read my last post - the £20M placing was mainly just FEED and IP costs.

Sure I read that Immingham would cost £500M to build and this is just for the FEED costs so there is loads more money to be found from somewhere.

Whitto - don't disagree with anything you've written, my only worry is how often these placings will come round. Hopefully next one won't be until 2021, by which time the share price should/might be significantly better than today.