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Just allows shorters to manipulate the price, I suspect Qube will exit, rise may not start properly until Friday.
Not very far, I say deceptively as it won'tbe good news but it will be dresse dup as it so the funder can shift the placing stock. Like it was last time.
I suspect 'really good shows of x and y' need to wireline log, then they'll cap it off and focus on something else. And the SP will dive to about 0.08p
Is below the placing price is corrrect, however it is now beloe the average price the funder needs to make a profit.
Thanks to their massive forward selling at much higher prices they will have reduced that average down to say 18p max, and everyone buying now thinking they have a great deal are just feeding their profit.
Struggle to see this breaking .25p pre results, which will be deceptively positive, before they bring it crashing down to earth.
I said, crazy only 2% bought mind but guess that's about £5million.
Guess we have to experct a TR1 from the seller soon.. My money's on blackrock
MA is bumming the market with that, expect loads more SP manipulation for months
Holdings by approx 1% = £2.8million of buys
So we know who has been buying, though I actually think there may be 2 buyers.
Not all is as it seems, some things marked as sells are buys and vice versa, and also there are sells being made behind the scenes that can be reported later, even days later.
The reported buys/sells really don't mean a great deal, just be happy the general trend is upwards.
The drills a duster but they try and make out is was good before the official results come in allowing the big boys to flip and exit.
They consolodate the shares at say what 100 - 1, change their name to HeliumJizz or something different and raise again at what would be something like 0.01 of old money.
I wouldn't necessarily call it manipulation, it's just mechanics.
More buyers or no sellers and it's not going to happen.
Considering the placing was a .25 and the amount of money, the vast majority of that would have to be forward sold for them to get it. And if it hasn't if there's any good news throughout this drilling process that sounds a little hyped and perhaps isn't backked up with hard figures, I will suspect it's to help clear it so they stand a chance of more funding if it's a duster and it's not cleared. If this is dry and the placing isn't flipped, bye bye barbarosa.
To be fair they have always released a Jan update in the last 4/5 years, the only thing that differs this year is they did the Dec negative update which included a lot of the forward stuff usually in Jan.
There's every chance there will be a Jan one then which could land any day unscheduled , but chances are it could be very simple to say the winter period in line with expectations, as we have to bear in mind they factored a lot of the winter trading into the last update when they said:
While the important trading periods of Black Friday and Christmas are not yet complete, management believes the Group remains well positioned with strong traction across its new release and back catalogue titles, and currently expects FY23 revenues to be modestly ahead of current market expectations.
Lets see what happens but can't see there being a huge rush for this to come out early jan unless a very simple one.
The SP dropping is only possible if people sell, if the bulk of weight in buying currently is shorts and they're not prepared to pay above the SP and there's loads selling below (Even if also shorts) then the price will go down.
The fact is that there just isn't the buying power to stop this happening currently, it's not manipulation it's just market mechanics.
If you have evidence that there definitely will be one let us know, or whether you are purely speculating.
I think he's just made teh assumtion of the 17th as last year they gave an update on the 17th, bnut you have to factor in next year they didn't give an update in December like they did this year.
One somewhere?
We had one in December so not convinced there will be another one in January.
At the end of the day it's supply and demand, they can only close if people sell.
They have many tools to manipulate price such as going hard with sell volume when the volume is low, and post RNS' and they will use that.
BUT unless people sell it won't work, I think it's clear here the closing has only been allowed by other shorts increasing. Without that it wouldn't have been possible.
True short position probably 4.5 - 6% mind but positive
Once again sell heavily AM, auto trade galore but small ones, then hoover back up over the day. The same is happening over at ASOS as well. I suspect to see Qube back below 0.5% today, and ASOS will likely be reduced even further as well.
Games being played here, they're taking advantage of low post xmas volume and I suspect hesitancy around CPI data due to come out next Thursday. They know if it's good then they'll be in trouble so nows the time to exit, expect a rocky road until next Thursday on all retail stocks, and if it's not good data a blood bath. But I suspect it will be middle of the road to good, hence they're closing now.
Overview was definitely interesting, and stuff I didn't know as well. Overall though he seemed to lean towards it being a buy, which is good but definitely appreciate the risk.
I think with a listed company cash generative if they want to buy games to grow so be it, you have to spend to grow your own products and develop them anyway.
I can't help but feel there's a very large sell holding the share down still. The spread is wide to suggest they don't need to encourage sellers, and despite all the large printed buys the SP is dragging itself up and struggling to break past £1.95.
The encouraging thing is if it was debbie selling which has been muted by people it would have to have been declared, but very surprised there has been no TR1 yet given the volume that's been sold.
I suspect with a bit more pressure soon enough this will break out, and we'll see the sells printed, and I suspect they'll be in the £millions
I suspect Qube sold a lot more than 0.1% to push thr SP drop and then in the panic closed out all except the extra 0.01% which they declared. This is if others were not involved.
WOuld not be surprised tomorrow to see their position drop back below 0.5%, I said yesterday it looked like a panic drop fuelled by auto trades.