Member Info for Warno01

Taken a 15% rise from 800 to 920p to lock on that profit. Leaving the other 50% to ride it. So volatile, half expect it back to 830p half expect it to push 975p.

I should say of those purchases from 870p upwards. Screen was blue of small A trades at the 875-877p level

95% of purchases as automated buys. 875-877p - interesting level to put a lot of A trades in at

The whole market is down due to Corona Virus worries. Every index is down with loads of shares down at least 3-4%, some up to 10%. Most shares are in the red today

So the internal process to agree to calculate and set the option price is done and the price is set relative to the share price on a certain date. So it will be fixed at 24.3p which would have been a 10-20% discount (subject to what the internal option policy was) to the share price on a certain date. The date is the determining point, so whatever the SP on that date would determine the fix of the options. The date is set in advance so it's not about setting a price that they want. For example at Merlin Entertainments, the option price was 15% less than the SP, however this was communicated 6 weeks in advance outlining what date is would be set on. The same at RBS, albeit different percentage. That's how it works. You can't determine the option price just because you fancy a certain price, but you could aim for a date and have the discounted option price at % below the price on a certain date. That's future looking ,not retrospective so it can't be fixed to a historic price.

You and me both Alto. Had the same alert level. Fortunately at a low level. I follow Burford closely too and it's a case of without substantial, robust news, it's going to drift downward. However wasn't expecting a 20% cliff like fall. It's been a yo yo for several weeks so who knows what will happen. Lack of confidence makes the decline more likely. But wasn't expecting it beyond 12.00

Yes - so options will be fixed at a closing price on a future date. When setting the options, they will know the date, and it therefore completely depends on what the price will be on that date.

Option prices are decided at least three-four months in advance. Sometimes they can be higher than the current share price when issued. There's nothing sinister going on. Generally options are at a 10-15% discount on a share price at a time a Board determines them.

CXS1, that's called proper notification of the markets which is a legal and fiduciary obligation to do. It's not clowning, it's basic practice for any listed company and if you look at the RNS for other companies you'll see this too. The theme is called delivering on your obligations!

Agreed, but to suddenly claim there's no volume because of holidays, when as the world knows, BUR has been full of news and volume for two weeks, is pretty foolish

So all of a sudden there's no volume because people are on holiday? Have you not been around for the last 2 weeks. Think before you post