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callerone, parcels is growing but it has to offset the decline in letters in order for rmg to grow. Letters was already in decline, who'd have thought these new personal data rules would adversely affect it even more. Didn't cross my mind.
"Royal Mail expects steep drop in letter volumes after personal data rules change" probably driving the drop
bid moved up, then got scalped down. A bit of volume and this will move up sharply imho
No trades so far this morning. Have they run out of shares ? Doesn't really tie with the manipulation theory though
Bid back in the 37s and no volume. It seems to be RKH that has attracted the interest.
Windy, the shareprice drops after the accumulated volume of sells is enough. So it wasn't just the sells from yesterday , but the accumulated sells from days before too that eventually overwhelmed the bid and it dropped. And likewise once it drops it will take some accumulated buying (over selling) to push it back up . Think about what instead you are saying. In your world the ask-bid would just change like a yoyo from one second to the next. There really is no conspiracy here. The ramper is misleading you.
Slow day today, but the TA that gets posted here is always worth a chuckle. "6 Apr I get a lot of stick for my charts and TA but consider this, a while back I said we were seriously testing strong resistance @ 0.2. It seems we have now not only set that as our new support level but are testing 0.226, another historical line of resistance and support. Regardless of your views on TA it is clear we are starting to move north, step by step."
"Best to give an easily achievable target date and appear to have over performed surely ?" yes i agree
she's is creeping up, generally more in the 38s than not now. Very very slow though. Volume needs to increase. But at least not a p&d like rkh :-), actually was it a p&d Idont know. There was genuine volume and it seemed to be in the expectation that pmo would announce funding today, which it didn't
windy , they were obviously limit orders that people had set , and of course set them at .2 to be hit. btw, here is how to calculate % spread. Use the Ask, makes more sense :-), cos then it indicates how much you would lose if buying at Ask and selling at bid. https://www.investopedia.com/articles/investing/082213/how-calculate-bidask-spread.asp
windy, so first thing first the London Stock exchange is NOT quoting the spread as 66% like you posted ? is that correct ? You are dividing the spread by the bid and getting 66%. And it seems to be you that is declaring this "official" not me. Please direct me to an "official" calculation which shows that the spread should be divided by the bid ?
looking like she is going to stay in the 38s at least. Great to see
Windy , what page on the London Stock Exchange can i see the spread stated as 66%.
Can you show me your calculation to get a 66% spread ? Transactions going through right now at about .1825 to .218. So the spread is about 17.75%. So stating 66% , yes does seem like fake news to push the conspiracy theory, but will wait on your calculation.
dropping to .15 makes the midpoint lower, so if anything it definitely not make buys look like sells. So more Fake news
never say never though, there is still not great volume here , so could easily slip back as it is not pushing forward
it wasn't getting past 38 for the last 10 days
Bid finally through 38
Chris "i have topped up a few times on the drop." So at what point in the last six years did you top up Chris, can u b more specific.