Thanks for that and yes agree lets hope to God we do not see a second spike as I will be glad to get back to a near normal existence. Its great that I can at least go out and have a drive now, better that watching the Grass grow lol.
Great to hear your back at work again, bet that's a relief !!!
Very nice to see Twimps bounce back with a nice rise today.
Keep well and watch out for that Sun !!!! its a scorcher.
Cdl1 hi, maybe it was not a stupid thing to say and I apologist for that word however please advise where you seen " it’s gone from 1-40 to 1-1000 chance of catching it," ?????? that is what I was referring as IMO a silly thing to say unless there is evidence to say this is the case and I doubt that very much indeed. Where have you got those figures from ??????? The thing is ANYONE can catch it and its about keeping oneself safe that counts and staying away from carriers or surfaces that carry the virus is the ONLY way not to catch it. Apart from self isolation / lock down how does one totally protect themselves as there is NO protection yet. You say that 80,000 people have died from flu in the past 5 years!!!!! Where did you get that from ???? (40,000 deaths from flu "TWICE" in the last five years no lock down (40k *2 = 80k )
Oh and I am not talking about some that need to cash in or top slice for a specific reason or needs as nothing wrong with that and good luck to them. Panic or cant "take the excitement" no more was more my point. :-)))
IMO people that sell on Monday will deeply regret it as those that cashed in at 2p up to 9+p. Each time they have lost out big time thinking that "surely it can't go any higher !!!!!!" bad move losing faith especially on this board, then looking back kicking themselves as some have said on here. We know enough now that what we have in the ground can only get better, we already have enough to mine so anything more is a bonus IMO so to sell out now is pure madness. My guess is 10/15p within 2 weeks and maybe more, so on that assumption HOLD!!!!! as bulk selling at around 10 will only take the SP down, for a day or so.
RE: Uncrossing Trade (UT) and our Friday BIG One30 May 2020 16:50
Good post !!!!! and reading into it:- I was thinking that if this buyer had the available cash for the 12 mill and could only get just under 10 they may well purchase the remainder ASAP i.e. first thing Monday Morning as they will want them as cheap as poss. If they wait the SP could go up more so buy ASAP imo, they might also put in a Buy limit for 10p so we might see that first thing !!!!!!
Jonno's question was :- I just wanted to know the way in which GGP would pay shareholders IF there was a one payment of some kind .I just wondered what the mechanism is in principle for any dividend one off payment and was it via ones broker or via a company direct. IMO meaning how do we get paid if there was an an offer made !! say do we get a say 25% in shares and a 75% cash payment !! how is the transaction made ?? that is the question.
I know what you mean but I am a little confused to say the least.
If NCM say put in an offer for say £1 billion and say I have 1 million GGP shares. How do NCM / GGP buy my shares, they can not just take them out of my account. The question is how do they do the transaction. They can not give me GGP special dividends or would they be NCM special dividends or how would they pay CASH ??????
RE: Uncrossing Trade (UT) and our Friday BIG One30 May 2020 11:30
Yes my account with ii also show the closing price at 10p but if it was a direct single purchase why show it as a U/T ??????? that's why it surprised me. Also normally the LSE closing price eventually shows the closing price above and in this case it shows SP 9.325. I do agree with your part re "couldn't fill during the day and the buyer therefore agreed to pay the premium" the 10p, that could be the answer, and maybe why the sp above could not take the auction close UT price into account as this action was after the LSE closed!!!!! must admit I have never seen that before.
Thanks for your reply a good explanation and lets hope it will open Monday at 10+ that would indeed be very nice indeed as to see it open at under will be a disappointment for sure, but lets look on the bright side :-))))))))))))))))))))
I think what he meant was. If there was a buy out of GGP say 1 billion cash for example, how are the shareholders paid. Maybe 25% extra shares and a 75% payment. How are the extra shares / cash payment get into your account ????
RE: Uncrossing Trade (UT) and our Friday BIG One30 May 2020 10:19
Kevin hi, thanks for your post, just to confirm my own thoughts on an U/T.
I am glad that you posted that as IMO and my belief "That trade" was not a one person actual trade as it is marked UT. In short:- At the closing of the auction the total bids/offers are frozen and an attempt ( algorithm) is made to match as many shares to be sold against shares to be bought - the result of this is what is known as the 'Uncrossing Trade' (UT) An order-matching algorithm is run which seeks to find a price ( In our case 10p ) at which the executable volume is maximised. In other words, the price reached is the price at which the highest volume takes place and that result is a figure only and was 10p. Some say that an UT can be ignored as it is used for the single uncrossing trade detailing the total executed volume and uncrossing price as a result of a SETS auction.
Maybe this will explain in detail so others can understand more in detail about the UT symbol.
Personally I believe the SP will resume back on Monday to the actual closing price around 9.4p and not the end Auction UT figure at 10p. (It will show up as a closing price but it is the UT price and not the actual normal trade price as we know it as).
Normally most days after close you will always see a U/T in the share trade section to the very right of the trades some are shown with an 0 ( ordinary ) some with an A ( automatic ) and the other is UT ( uncrossing trade )