Member Info for Velo

This is taking too long so cut it in two. (Must be the late hour :) Saw your post earlier today E/Paul but had too much to do. However in the course of digging up some info leaving no time to post I became aware of two things that a) Might give you some sucour in your observation for a more positive outlook to the week ahead than I have thus painted so far. and b) Why the SP MIGHT not fall further. A few quick notes: First, to your first point; 'Oversold' - on the contrary on a cumulative basis the SP is not oversold. In fact the SP was technically overbought until Friday morning and has been above and over RSi 70 (Relative Strength Index) for a good week now since about Aug 23/24th approx. (RSi 30) is the opposite below which a share price is considered oversold. I hadn't checked and due to the magnitude of the fall just assumed like you "that's gotta be oversold now probably at or below RSi 30. But not a bit of it - it closed at a very reasonable and steady-as-she goes 50 RSi. That surprised the hell out of me. Re-seeing the hitherto technically overbought condition against MCS reminded me of one of the reasons I had been holding back (MCS is currently a highly rated company and receiving favourable media coverage up until Friday, in tip-sheets and everything, which might explain the overbought situation, so the price by Friday close has let the overbought pressure-cooker steam escape to a more sustainable level). On buyers and sellers volume -. Firstly the volume display on this site is inadequate in that it doesn't give you enough information. I prefer those volumes where the sites colour them red for down-volume or as I call it 'bad volume' and green for up-volume (good volume :) A lot of explanations on the web will say that's because there were more buyers (green) or more sellers (red) but as you pointed out that is not so for Friday yet on sites all over the web every single one is colouring the volume in red! Yet sellers were in the minority (incidentally Friday's total volume was the higest for MCS since the end of June - and before that a mega volume day in March So it's the third highest volume day in nearly 6 months! I subscribe to the view that it's red volume if the price closes lower at the end of the day than it OPENED - no matter if like in this case buyers were greater in number than sellers (more of that in a mo' ) And visa versa if the price closes higher than it opened it dosen't matter if sellers were greater than buyers - it'll be shown as a green volume bar. And that's what's happened here. I challenge anyone to trawl the internet and find a chart showing Friday's volume in anything other than red! There isn't one. From what I see on those charts still showing Friday's volume the price opened way down at just under 191p. It was waaaay over £2 at close the day before, wasn't it? So no one had a cat in hell's chance to get out at anywhere above £2 first thing Frida

This has been in a watchlist of mine but held back for no other reason than I already have a full presence in property/building shares. Still, I was /am interested in MCS and may succumb at some point :) So before I say another word - bear in mind, I have no skin in this particular share. But - But really taken aback at the ferocity of the one day decline in the SP x11% really?!? For a £1billion cap co.? In my experience ( repeat: in my experience only - not a prediction ) I've found one day falls of double digit % magnitude drops, in this case 11%+ rarely end there, then it's all over and business as usual - No not on falls this big.. Personally I won't be surprised if it falls further come next week - with the low 170p's being the next support level if it does so. (Might not fall that far. Might not even fall at all) - but as said that's not been my experience of big one day falls - outside of AIM stocks. Comment and ruffled feathers in the media starting to spread in couple of other builders/property stocks citing the reasons given by MCS for reporting poor response in the secondary market. M.Fool has kicked off already tonight with comment/ questions about how safe are other builders now. Whatever, better to expect the worst next week (temporarily) than get upset if if it does. Think of the relief if it falls no further, but I'm expecting worse before getting better.

Sold out a few minutes just before noon today and got 431.1p. So, yeah, pleased for differing reasons. I originally bought in high, the day BEFORE the CEO profit-warning and subsequent price crash. The very day before! Doh! And with buying costs I was running at 370p-odd. So only a 14% profit after all costs. That's because I've long changed to 'part-buying' my way into a share to avoid precisely what happened to me here. So my initial purchase was only a fraction of my intended holding. Had originally intended being a long term holder for the divi but the departing CEO made a murky statement point of not ring fencing the divi. (Well he couldn't really; any company in trouble shouldn't ring fence the divi regardless). If I'd bought in the following days when it crashed well sub 300p I'd still be holding but I reasoned I was too high up the risk scale for my liking. I should think a couple of years (3 to 5) this will hardly warrant a blip on the chart; but I'm out. (For now : ) Missed a few chances to get out with some minimal losses, but the other day messed up when it went into profit in and let the opportunity slide. Didn't feel too bad as charts are extremely positive on this at the moment. There's just one thing though. The SP has shot up that quickly and that fast it's now 76 on the RSI indicator. (78 when I sold) So I took profits before it consolidates for the next leg of it's journey. Over 70 RSI is always a good decider for me when selling at the top. Feel pretty certain a couple of years should sort out this business after the new CEO frightens the life out of everyone by 'kitchen sinking' to get the best start in his new role. So why not stay a holder if I believe that? I've got just too many in my portfolio with serious structural problems that will be 'alright in a couple of years'. So this has been one too many for me. Good luck to all.

Congrats to all holders of these shares. As of today GVC are officially no longer in the high risk AIM sector.

Hee hee! That had me laughing at my own misfortune 50glass. On my tombstone they'll put: Well, at least he died laughing.

Absolutley excellent RNS put out yesterday completely missed by the market most likely due to Brexit trumping everything. Alexander himself says of it: "This is an imortant development for GVC..." The statement put out by the New Jersey licensing authority about the quality of GVC is worthy of going on any company's CV in it's own right!

Your opening sentence made me laugh like a drain Brus. Enough even to make one exception and break my self imposed discipline of never posting on LSE forums again. Hee hee! Still laughing; good one!

neither £'s nor pence - I meant Euros :)

Whatever direction the SP takes tomorrow there are a couple of interesting price points that will have to be overcome for further progress. If it's a good day then 290p might prove sticky as it's a resistance point. If the decline continues it will first have to demolish 256p to continue lower. If it does that, then the next hurdle to overcome will be 245p

16:16pm not 18:16pm

Aha! My post below at 18:16pm and my opening sentence of - "Bet this goes into auction(UT) to settle the SP. &. "......Look out for a UT trade at 4:35pm..." Just checked the trades before logging off - and there it is the UT trade! Proof positive the MM's have paddling madly to stabilise the SP by holding an after hours auction.

I should collect all my thoughts first - before posting shouldn't I? LOL!

Think about it - why should some priviledged people be given access to 280p PLND shares when the rest of shareholders were at 309p? You just know some of those placement sharehilders will sell as soon as they are legally allowed to, in order to make a quick killing - they always do, (some of them that is).

MCAP at close yesterday was £700m so a £50m placing represents a 7% dilution of the share pool. Call it 8% all told when the market factors in dealing costs etc.,. So an 8% reduction on the SP before the announcement of 309p at close the previous day brings it to 284p the rest of the reduction can be attributed to including the guidance about 2nd half profits likely to be down when compared to 1st half profits. A double whammy RNS.

The total amount of shares available have increased - therefore it's a dilution of your holding, doesn't matter what the recipients paid to get them - the company has diluted the share pool by adding £50m worth + adding more shares AND (ill-advisidly INMO) mentioning in the same RNS that the second half year profits are likely to be less than the first half. Always happens every time the shares in a company are increased by a placement. Tell me one share where a placement has not had an adverse effect on the sp (at least eventually and for the short term).

Just checking to see my buy (15:59pm) as by sheer luck I think I've bought at the lowest of the day - but it doesn't go back that far enough, above. Checked my broker's site, same there - but it does have 'by volume' listed and someone DID get lower than me at 269.75p with a whopping £134k buy - same time too 3:59pm (my £5k purchase is so low on the volume ranking I still couldn't find it before the pages ran out, but doesn't matter found one lower than mine, so might be others in the lower volume section. What a day!

Bet this goes into auction(UT) to settle the SP. My broker showing 273p but they wouldn't accept my trade. No live price available - and the buy price at the deal stage was showing as 255p! Tried numerous times but no go. Alright I thinks, and set a limit-buy order for 255.8p. Comes out of setting that up, and the buy price has now gone from 255p to 270p. So tries again to buy - and bingo! Gets 269.9p ! 269.9p! Am I pleased with that or what? :) Leaving that limit-buy order in place. Look out for a UT trade at 4:35pm I'll eat my hat if this doesn't go to auction after the market closes. They don't know how to price the SP. They're all in blind panic. Technically it's way, way, way, oversold now. It's at RSI 14. People, the market, have lost their heads. At the moment they just don't know how to price PLND. That's serious as hell. Either it'll get worse or bring out the bargain hunters. 14.61 RSI - Unbelievable!!! (30 RSI Is the 'officially' accepted threshold for classing a share as oversold and this share as jet-skied well past 30 and down into the teens!) All who've wanted to sell have more or less sold is what RSI 14 is telling. Maybe a dead cat bonce tomorrow and then continue downwards? Or not? But I ask in all honesty - how can you continue lower than RSI 14? It's just ridiculous. They must be panicking in the boardroom, should only have fallen 7% at most (£50m share dilution against the Mcap before the RNS announcement roughly).

I've watched this share since a New Year's party with family relations in up north in Cheshire during Dec '14 when the SP was just about, or just under 10p to buy. I became interested in it, and subsequently it's remained on a watch list ever since, because one of my relatives said that they used the airline a regular basis, and found it a 'bargain' to travel on, so I idly looked the share up on somebody's new 'smartarze' phone (bought that phone myself since :) to test the phone out. What's amazed me and made me question my investing principles - is that from that day to this, it has steadily, relentlessly edged it's way to today's 14p (40% gain!) over that New Year's Day party dinner SP. And I've never bought it! - Instead I've squandered funds elsewhere and suffered the wider general market malaise - when if I'd sunk everything into RYA I'd have escaped the wider market hell. So what put me off? Didn't like no divi and didn't like a PE over 20 at the mature end of an ageing bull market. Will buy now if / when it retraces back to 12p area, as I think after 14p it may well temporarily retrace for awhile. Treat that outlook the same as my Jan 1st estimation of RYA. But it's the only way I'm letting myself off the hook.

Those sales or buys registered 5 minutes after the markets close are quite common, and happen more often than you think. I didn't look at the time, but that £11.7m sell sounds very much like an "auction" - did it have " U/T " next to it? (Uncrossing Trade)? I'm betting it did. They're usually listed as one single trade but are in fact numerous trades the MM's have lumped together and registered as a single trade. They're held before opening, after close - and occasionally mid day. The reason these auctions are held by the MM's is all to do with stability; hence the mid day auctions are to slow things down and settle the price. In the same way, am and pm auctions function to do the same thing; bring stability to a volatile opening/closing SP. Look out for the " UT " symbol if next time you see a huge sale or buy listed as happening at 4:35pm; then you'll know the logical reason for it. It's not devious; just a tactic to calm an SP going through an unstable patch. I spoke to a former MM on one of the forums last year, and he advised which account you needed to enter an auction, as I fancied 'having a go' - but advised against it. It was for big instituions and pro's. I was left with the impression that I'd be treated like being a novice with a knife sent into a darkened room to have a mortal knife fight with the inventor of the Bowie knife; wild west knife fighter - Jim Bowie. There'd be only one outcome - they'd have my money and I'd leave the auction in debt.

Sold out this morning for 721.1p Been getting increasingly concerned that the ultimate bottom has not yet been experienced as it seems like a magnet is relentlessly pulling it towards the under 700p's Lucky to get out just a pence or two below my recent buying-in price and for only a loss of £100 (add the first loss) so total of £105 for the experience. Lucky it's virtually comparable to regarding it admin costs only. Regretted buying emotionally last Tuesday. Knew I'd rushed it. The buying SP "wasn't me". But Black Monday mangled my reasoning. Could have sold yesterday and had the same "admin costs" as profit , but was still re-evaluating how RR has not only refused to move and maintain away from low 700p's -but hints of dropping even lower. Made my mind up after it opened this morning below the first support level of 731p but when it gave up the final support of 725p and sailed over that - I knew the game was up and sold as soon as. Doesn't mean I'm done with RR - far from it. I will buy back - when it's right to do so. Going to watch from the sidelines to see what this magnetic pull towards revisiting 600p's is all about. With the right bear conditions of new crises from China I've convinced myself not to be surprised if it visits the 500p's! Only positive RNS updates can stave off further deep falls. But what will the updates consist of at this early stage in the recovery - cost cutting targets ahead of schedule touted as progress?? I'll feel much happier re-buying RR in one of 2 conditions - even further down the sp scale (600p/500p's) or higher than where the sp is today so long as all indicators are bullish. At the moment there aren't any indicators remotely near a positive rating. The opposite in fact. All warnings. And telling of expect worse to come. So committed hari kari before it started to seriously £cost me. Clearly I'm no long term holder - but I'm away without losses (£105 doesn't count :)