Surface Transforms management deliver positive operational update 16.09.2019 Watch Now
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Trek
Hi Peterpew, bust away. You will note from my posts I have been positive on Gfin, then negative and then positive so I bought back in. I am a down a bit here atm but thinking about averaging down as I think we are due some good news and I think there is upside from here. Time will tell.
Trek, with a handful of straw!
Hi itsyou any idea if ML was on those larger trades recently?
Trek
Look at the trades by volume tab on HL. Lots of indicative buys above ask. I have no idea where the mm have got the stock from to fill those orders. I can only assume that some institutions are cashing out half on a recent 100% profit.
https://www.hl.co.uk/shares/shares-search-results/e/eco-atlantic-oil-and-gas-ltd-npv
Trek
320 open, not bad. I think we can expect some ops news once this settles as somuch in pipeline now.
Trek
I get why but it does annoy me when our companies go down the multiple broker route without clearly stating what each will be doing. It’s almost as if they are checking each other’s homework and hence a waste of money. I think they should say if each are working on distinct areas like potential future alliances (merger), asset valuation (sales) or possible growth areas (accretion) whilst not detracting from bau activities (lights on).
Trek, asking too much!
No surprises in results but growth in bioplastics looks very strong. Placing announced 15%ish at 300p, a good price imo. Hardly surprising given headcount, but what is important is the order book and demand for bioplastics. Got a real international reach and international companies are seeking out this sort of material. Not sure of market reaction today but if there is a drop it imo is a great buying opportunity or average down. AIM is used to raise money for high growth stocks which imo is why investors should build a stake over time. I am excited about the future of this co, it has good leadership and a production product that is in demand.
Trek, happy to hold.
Agree very poor opening and not exactly singing from the rooftop RNS. I think the tone will improve as the story unfolds, TR is defo not a ramper! Either that or we are being discounted for operating in a political unstable area subject to government inconsistencies and an irregular tax regime unlike much of Africa or South America!
Trek,
There is so much going on with this SP, the drop below the results and now the sell off following this excellent result.
Imo this is a great entry opportunity now as we should be north of 10p and anyone with an average of sub 8p should be ok to sit back and watch the story unfold once the sp settles.
I have placed buy orders at 8.2 so I can just enjoy the day after the great results here and at HUR and TXP all in one day!
Trek, to the pub!
What a result and the bonus is “Touchstone has no reserves associated with the Coho-1 and Cascadura-1 wells”. Given the “significant potential upside” I think you’ll have to put up with me for a bit longer! What a day TXP, MATD and HUR all in one day. Of course a crp RNS from Lloyds though. Wanna stay away from them dodgy blue chips! Lol!
Trek, off to the pub!
Absolutely reach, one often forgets as it behaves so much like an AIM stock because of the liquidity. Of course the difference is huge as we are subjected to a much higher level of regulation and accounting standards which should an ETF wish to portfolio us is so much more attractive especially as we are in the crypto space and of course any of our coins can be audited as mined and not from any dark sources. A good reminder.
Trek
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“I would presume that with less stock around would this make the share price go higher at a more rapid rate than normal?”
Hi, it’s still supply and demand based so yes you will see bigger steps up as with many illiquid AIM shares. It is not unusual to see a 20% increase in one session but if you compare that with blue chips that does not happen so often as there is more liquidity. Likewise you can also get bigger drops! Another factor is the spread which can often be wide, think of this as the market makers profit. I have seen spreads as high as 40% on AIM before so basically if you buy you are down 40% immediately. Spreads of 10% often appear on ARB. So the MM can command a premium for this stock as there isn’t much to go around or they want to deter trades.
Trek
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Just a guess but I wonder if Miton are rebalancing as part of the Premier merger.
https://www.ii.co.uk/analysis-commentary/stockwatch-reassessing-old-favourite-ii509130?utm_source=IBMW&utm_medium=email&utm_campaign=Weekend_round_up_newsletter_070919&utm_content=&spMailingID=7101129&spUserID=MTI1MDU0MTk3NzM1S0&spJobID=1350408780&spReportId=MTM1MDQwODc4MAS2
Trek
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Hi Tyrion,
If you look at the holdings around 69% (rough count) is in institutional or management hands which is pretty high this is without PI holdings, which is a little unknown but going by the price action there doesn't seem to be much stock about. I am aware some PI's have had to divide large buy orders into several smaller ones from different market makers to fill the order and that's 'just' to buy a few hundred k of shares.
http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=5&vw=own&SecurityToken=0P0001E29D%5D3%5D0%5DE0WWE%24%24ALL&Id=0P0001E29D&ClientFund=0&CurrencyId=BAS
Trek
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Miton dumping SP rising. Inti’s can’t get big volumes and have to pick up trickles on the open market and yet all the ducks are lining up for ARB. This imo is a very unique opportunity for fleet of foot PI’s that can accumulate without having to jump through the corporate hoops. That’s why I am also averaging up. It’s not often such opportunities come along in an investment career.
Trek
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Due probably next week. Tell us what we already know and attribute 19.999999p sp to catch stops and weak hands. It won’t matter what the results say there will be a collusion to shake out shares via stops and weak hands. Well FU in advance coz I have sold some decent blue chip holdings and have buy triggers waiting to pick up savp at sub 20p. Bring it on!
Trek, Av now sub 17p and lol!
Sorry guys a stop kiss does NOT guarantee a price. It just sets a sell trigger. I know from burnt fingers on MTFB. Fact.
Trek
“Meet the world's fifth richest Bitcoin wallet, which just received a tidy influx of over 94,505 Bitcoin valued at $1,015,444,859.79 at the time of writing.”
I still think people overlook the vix benefits here. More volume, exchanges/trading = more commission a bit like how Plus500 fair but we are pinned to BTC value rather than volume. When halving completes in around 2040, that will be probably be the only payment method.
If Bakkt takes off I am sure ARB will get a lift as many funds will want crypto companies stock as well as coin and hedging as part of the overall investment instrument.
https://www.finder.com.au/0-5-of-all-bitcoin-in-existence-were-just-moved-to-the-same-wallet?futm_source=email_internal%7E1567764179043a8d852d5e01f&utm_source=email_internal&utm_medium=newsletter&utm_term=1567764179043a8d852d5e01f&utm_campaign=s%253a%2Bgx%253a%2Bcryptocurrency%2B%2528recurring%2529&utm_content=20190906&bt_ee=CtjZbicDA8UHgrLj84Gpc1jVn2yDW0p9Uqhvn74%2F%2B%2BtcVHnOLtO%2B1JeL%2BY78jg%2FW&bt_ts=1567764179047
Trek
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CryptoBroke, member since 4th Sept total 8 posts. Got a D in maths and an A in rhetoric.
Appeared on ARB board with a red flag handle only 8 posts all here, obviously off thinking about idiots reply so he can twist. By the way the asset depreciation is 33% not 95%!
Has a very similar writing style to NoLupus a poster that appeared on the IMM board, a biotech looking for Lupus cure.
I have no problem with peeps asking questions and sharing knowledge or testing theories. Hidden agendas is a bit despicable but I guess that’s a reflection of the this investment, it’s potential and the relative illiquidity and a lot of psd off insti’s that can’t get stock and see very little hope of a placing to get their paws on.
Trek
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I noted the 132 open here today in a corroborated attempt by MM to grab shares. Such is the nuances about trading on SETSqx where the MM can and will override the algorithm to make a market. This is great news for investors and those long and strong here. Not true, libor, currency price fixes using instant messaging, numerous banking conduct fines the list goes on with dodgy behaviours from those in the world of finance and my personal view is still one of untrustworthiness.
Using stops has its advantages and disadvantages.
Trek, don’t stop believe!
