Yep I think that’s a correct explanation. Worrying as I assume LSE just get a data download from the Stock Exchange itself. Makes you wonder how share price algorithms and movements are actually calculated!
I bought 5000 of these today and yet not showing on listing today? Why not?
Reddit day traders. Please now target this stock. Please, please, please
....nearly at the price I paid all those years ago when this share was suspended.
Interesting read......
https://apple.news/A11zTdY1FRWKGl92eYpMfPQ
Brilliant site thanks
All the very best TR61. I don’t come in here as often as I used too two, three years back. There were some real idiots then and I can see a new breed on here now. I sold out a very substantial PMO bond holding with a huge return, less exposure on the shares with about 100k or so that I hold now. GLA
p.s. Who is the pillock NIGGOIL?
Sorry to hear your news TR61. I have been on here over the years as well. It’s been a hell of a ride. Wishing you all the best and prayers for a medical miracle. They really do happen.
Wowhoooooooo!
No response to my email to ARCM. NO SURPRISE. But would be good if all small investors emailed them.
Hoping Asia Research are enjoying it as well.
Not so. Depending on what price they have shorted at they could end up much better off if the company starts to fold
Yep agree with you all. These are chinless wonders. Still I thought as a shareholder I’d put my position on record. You never know perhaps some lawyer might want a class action against Asia Research.
Thank you for your submission of 10 December 2019 regarding Asia Research & Capital Management Ltd (ARCM). We have noted your concerns around the disclosure of ARCM's short position in Premier Oil PLC.
This matter has been received by the Market Integrity Unit in the Market Oversight Directorate (MO) of the FCA. MO is responsible among other things for monitoring compliance with Short Selling Regulation and the Market Abuse Regulation.
We are currently reviewing this matter with a view to determining whether it is appropriate for us to exercise any of our statutory powers. As part of such reviews we may use the information gathering powers available to us to seek further information from the subjects of the enquiry and reach out to other agencies as appropriate.
Once we have completed our review, we will consider whether it is appropriate for the FCA to launch a formal investigation via its Enforcement Division, whether some other form of intervention is required or whether the case should be closed with no action. In particular, an important part of our consideration is the potential seriousness of the misconduct.
As noted in our Approach to Enforcement, not all breaches of our rules or requirements constitute serious misconduct, however, where we suspect serious misconduct, we will start an enforcement investigation. We use our experience and judgement to ascertain whether this suspicion exists and there are a number of considerations we take into account when doing so. Chapter 2 of our Approach to Enforcement document provides further detail on these considerations, which include the nature of the actual and potential harm involved; the extent to which the suspected misconduct has or may affect consumers, markets or firms if we do not take action; and the public interest in investigating the matter.
As a matter of policy, we do not provide details to members of the public about the content of our assessments (including where we decide that there are no grounds for further action). Unless our work results in a public disciplinary outcome, the FCA does not comment on these matters. We understand that this can sometimes be frustrating but you can find further information on why we take this approach here.
Please be assured that we take all complaints raised against those subject to our rules seriously and we are considering the concerns that you have raised. We will contact you if we have any questions regarding the issues that you have raised and apologise for being unable to provide you with any further details, but we trust that you will understand the reasons for this.
We thank you for taking the time to contact us and we hope that our response to your concerns has been helpful. If however you find that our response has been unsatisfactory and you feel you have grounds to make a complaint against the FCA on this matter, you may wish to refer to our website on how to do so, by clicking here .
If any further in
I have just emailed them and copied FCA
Suggest you all do the same, unless you’re shorting as well
Ir@arcmcap.com
https://www.fca.org.uk/consumers/report-scam-unauthorised-firm
Absolutely disgusting. I can see the share being suspended until it’s all fully investigated. We all knew for a long while this share was being manipulated but most thought it was GS. Clearly, they are nothing like the main culprits unless they also have been involved in back stopping some of the shares on loan to cover this massive hidden shorting.
Buy below 75, sell above 90. Works every time. 20% plus return guaranteed every 3-6 months.
Just a quick update on this weekend’s orders. As half of Saudi Arabias oil production has gone offline following a surprise drone strike, I suspect oil prices will rise on Monday morning. As our rates were secured on Friday afternoon before the events took place, we may find suppliers will close their orders on the dot on Monday morning. Therefore, if you do wish to order please do so soon and ensure payment is made.
China has ripped off the rest of the world including US. Someone has to put a stop to it. They violate human rights, steal intellectual property, flood markets with fake goods and run a one party system that wants to dominate economic relations across the globe. If you like that see if they’ll have you.
I think it was the double Z pattern in the shape of an ice cream cone that was the key technical indicator.