Member Info for tiltonboy

You think wrong! I will probably let a few lots of 50k go from my trading stock, at 14p and on incremental rises

Re: the two 50k trades, I reckon it was a cross of some sorts, so the nett position to the market was zero.

Unless I have missed a large trade on ISDX, I can't see sufficient trades to get to the 283k needed. Have you done an analysis of the trades?

I can't see that they have bought anywhere near enough to get to the next level.

They have to announce every move through another 1%.

I cant see that Peel's have bought sufficient shares to warrant another RNS.

lol...at least put a question mark on it. I think you will find the 2 x 50k trades are connected, and are not both sales. The 43707 certainly looks a sale.

I cant see any announcement!

Surely 2468 is a sign that we are about to hit the motorway ;-)

mike, I'm no so certain that it will become that difficult to buy. Unless ther is some earth shattering news, I think you will find there will be an ample supply, albeit at rising prices. I would think there are more shares to come back into the market from last year's placing, in addition to further loan conversions. Finally, there will be those punters that will take their profits on any rise. I would love a cornerstone investor to come in, and maybe, just maybe this stakebuilding could be that(more likely an over imaginitive mind). It takes time to build trust, and I'm sure there are those on the periphary that will take the plunge on the sign of progress, but it may take some time. I was a seedcorn backer of the shell that ASOS reversed into, and it seemed like an eternity before the share price moved. Inevitably, when it did move, I sold too early(miles too early...lol...)

lol...I can see I'm struggling to get the message through... For Peel to buy stock, somebody must have sold it to them. Most likely a bore PI, who is too impatient to wait for news. If a MM does get short, and struggles to buy them back, he might just have to put his price up until he finds a level where he can buy them back, but be aware they are a hardy bunch, and will play a few games to try and panic punters either way!

Graham, I hadnt realised quite how naive you were on investing, so I will take it easy with you from now on. If you buy or sell shares, you have to trade with another counterparty, almost certainly a market-maker if you deal online. The market maker is there do as the name says on the can i.e make a market in the shares. He will make a bid and an offer price, and will deal on those prices up to a certain amount of shares. He buys and sells shares at risk, unless of course he has business the other way and can make a profit from the two-way trade. It really is as simple as supply and demand for the majority of the time, but other influences will take hold, especially around results time, and other important announcements. The market-maker will look to keep his books balanced much of the time, and hope that for every buy he makes, he can find a corresponding seller. That is why this situation is most unusual, and intriguing. If you were to buy shares now, the market-maker you bought them from (there are 5 MM's in PEG) might already have them on his book, or he might go short to you, hoping to buy them back later at a lower price. That is the risk the MM takes.

Someone has to sell, for Peel to be able to buy stock. They tried the price a bit lower at the bell, and they have walked the bid back up subsequently. Trades in the shares are immaterial in the short-term, and we shouldn't get to pre-fixed with them. What really matters is that they really deliver on the numbers, which will be the catalyst for a re-rating. Punters with a historical knowledge of Screen/Petards and/or Abdullah will remain sceptical, and will need some convincing that fortunes have turned for the good permanently. If they can prove the doubters wrong, I think we can see them quite a bit higher from here. Only time will tell.

I've also spoken to the MM at Peel but he wasn't giving anything away. Not since the days of Chrissie Potts, and Evolution's shenanigans in Room Service have I seen such an aggressive mm position in an AIM stock

By virtue of the fact that he mentioned that they didn't have to make a disclosure until they got to 10%, due to being their MM holding, then I would guess he knew what he was talking about.

misty, It is a market maker holding. I spoke to PH and had it confirmed.

They are collecting them because punters are selling their shares to them. If they are picking them up easily at the bid price, why pay more!

I dont actually have an opinion on why Peels are accumulating, but have looked at various possible scenarios, and the the likeliest IMO is that they have a buyer who they are accumulating for. In times where MM's are generally running flat books, or running positions on the weight of business they see in a stock, I find it surprising, and intriguing to see what they are up to.

Always willing to learn; what do you want to tell me about the art of market-making!

What a ridiculous comment. Peel Hunt are Market Makers!