False data and expensive tests.9 Aug 2021 19:16
# Trades 37
Vol. Sold 838,747
Sold Value £25.83k
Vol. Bought 368,352
Bought Value £11.35k
Not sure how those figures are made up with this huge trade at the end of the day being printed
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
06-Aug-21 16:26:01 3.11 1,999,750 Buy* 2.90 3.10 62.19k O
Worked buy or a sell? Hard to tell and not reported in the total trades for the day.
News today with holiday testing costing too much could be a big buy at the end as we aren't the worst by a long way. Lets hope MHC don't come out of the "review into testing" in a bad light, however I think it may do us a few favours after reading an article. Pasted some below..
Sajid Javid has called on teh competition watchdog to inestigate the market for PCR tests for travel over concerns of "exploitative practices" targeting British holidaymakers.
The probe comes after a letter from Health Secretary complained of ‘unfair practices’ and ‘exploitative behaviour’ in the market in a letter to the Competition and Markets Authority (CMA) , with many firms charging up to £500.
By comparison, the cost of PCR tests in Greece and Italy are capped at just £34 and £52 respectively, while in France, tests are free for French citizens.
Calls for prices to be capped
More than 100 private test providers listed on the government website, which meet minimum testing standards, are charging customers £200 or more.
Analysis of the list by the Liberal Democrats shows that just 11 per cent of the providers offered tests for under £50, with the cheapest prices starting from £20.
Some 24 per cent of the providers charge more than £200, with the Mayfair GP clinic listed as £575, although its own website states that prices start at £399.
Read more here..
https://www.lancashiretelegraph.co.uk/news/19500569.sajid-javid-calls-review-covid-test-costs-british-holidaymakers/
I think £65 could be considered reasonable compared to a lot mentioned there. Was it a big buyer or a seller running scared on the news. I think a buyer.