Member Info for tiltonboy

My stock didnt go to PH, and I am more likely to sell more not buy them back in the absence of news which I feel justifies a higher price.

Somebody sold stock to them.

I was a little underwhelmed by the figures, notwithstanding it was significant turnround from last year. There will always be those that get bored and cant wait until the next announcement, and with natural sellers still around, it was going to take more than those figures to keep the price up. Nothing a good contract win cant sort, but in the meantime, I wouldnt be surprised to see them drift further back. As previously stated, I still see this as a trading stock, and will look to do that between 10-14p. Jury is still out for me, on whether they have the skill sets to make this into a long term winner.

Graham, from that question I guess you are still to grasp what a market maker does, and how they work! PH do not go out and buy and sell shares; they make a price that may attract buyers or sellers. They are in competition with the othe MM's for the business out there. Yes, they will position themselves to be best bid or cheapest offer to attract business, but they don't go out consciously to buy stock. If they are best bid, and somebody wants to sell, they buy them...and vice versa. There is nothing to read into the daily dealings, but why they hold that many is a different matter.

Somebody had to take a price well outside the quote to shift that many!

Wonderful thing hindsight, but at the time I did well to get 100k away at 14.75p and got a bit greedy on the balance. You live and learn!

Might get my stock back at 10.5p at this rate. Shame I only sold 100k on the rise.

They are indeed traders, and only tend to make very short term decisions. They try and use their abilities to match buyers and sellers, and make their turn that way. It is highly unusual for any market-maker to have to make a holding statement, and the intrigue is trying to guess what they are up to.

graham, PH are buying the shares from punters that sell them, and vice versa. They may position themselves to be the best bid or cheapest offer, but there is no evidence that they have taken stock off other market-makers. Looks like they have just sat on the bid and waited until somebody trades with them. Equally, at times, they have sat on the offer, and waited for buyers to take stock off them! Hope that makes sense. Simple supply and demand for the majority of the time. Of course they will play a few games along the way to panic players, but you need to remember that they are trying to make a profit as well...

How are they manipulating the share price? Yes, they have the advantage over us mere punters in that they can move it around, but our buying and selling ultimately dictates where the share price goes.

Incorrect. They hold it in their position as market maker.

They are market-makers, that's what they do!

That was my sell from early in the morning.

I want to see you diving from the tree at Rick's cafe. My boys jumped from the cliff last year. Dunn's River was brilliant as well.

In my case 10.625p to 14.875p represents a healthy 40% profit, which I am happy to take.

One of my concerns on trading was that turnover was being achieved at the cost of margins, and those fears have not been allayed by these results. Net margins of 4% need improving. I agree that these are early days in a turnaround situation, and that they have made some significant strides, but it will take a bit more time before I'm convinced. As suggested, I sold part of my holding this morning at 14.75p, and likely to lighten my holding further at the right price. I will continue to hold the balance, to see how the company progresses. There is probably a bit of short-term money looking to exit, but nothing taht a good contract win can't clear.

Perhaps they took the view that the shares were high enough. I missed the opportunity to top-slice my holding at 14p this morning, as I had train issues. If I get the opportunity again prior to results I will do so, but will otherwise take a view on the figures. Still a trading stock until they have proven themselves.

Skeggy is a bit cold that time of the year!

OK, which one of you are Peter!

All good thanks. Took a nice 65% profit on LSR, with my final sale today. Not bad for a 12 month play. I still see PEG as a trading stock, and will be pleasantly surprised if the historic issues of stock and management have turned the corner. On the face of it, it is a good story, and there has been some excellent finds from doing some digging. My thanks for that. Let's see what the results bring!