REMINDER: Our user survey closes on Friday, please submit your responses here.
Agreed, based on statistics alone the lack of a UBS 8.5 public disclosure for a week is becoming more interesting. Either they don’t need to report anymore (lots of questions there), or their clients simply haven’t traded for 5 days.
It is interesting. I know the volume is low so chances of a disclosure are lowered. However, no UBS public disclosures since 5 Feb is quite unusual compared to the normal pattern.
Anyway, something share related to talk about...
I appreciate it’s purely coincidental and judging my share price reaction there’s little to read into it, but 5th Feb for the last UBS disclosed trade (the 1m share short close), certainly breaks the rhythm of regular / daily disclosures since we’ll before Xmas.
Mind you, it’s also an incredible coincidence that Wuhan is still considered (despite recent WHO investigation) the earliest location for COVID to be confirmed. Just so happens there’s a world leading coronavirus research lab in the same city.
Perhaps Blackrock and UBS are no longer part of the process (sale concluded / no sale), or perhaps no shares / shorts bought or sold through them, or perhaps we’ll get backdated ones tomorrow like they’ve issued before.
I agree, interesting that lack of RNS is not considered routine, but not entirely sure what to make of it, if anything.
Kira, don’t lose faith in the Covid response and have trust in worlds best scientists who are developing responses to control this virus. It probably will stay for years / eternity (like other viruses and diseases we have developed responses to) but socially and economically we’ll unlock ourselves out this by the end of the year and get the country back into its fighting battle rhythm.
Keep visiting those Summer holiday plans, reduce greatly any social media interaction, get outdoors (if you can), and speak more to family and friends even if you’ve run out of things to say.
It would make sense to me that any RNS confirming a sale would be issued out of hours so the price could be rerated at the start of the trading day. Otherwise, issuing such an RNS during an intraday would be trade carnage?
For a delayed / no sale RNS I guess that can be issued at any time?
The title of the post suggests the OP is not making a big deal about the sell of his shares, more that it’s shown as a buy but was in fact a sell. Confirming that the general trade buy / sell data is unreliable.
It’s a strange element really. As far as I know it’s primary application at the moment seems to be catalytic converters, how long the future holds for this massive general public market is tbc but it certainly has a finite end date.
As well as scarcity, probably driven by being a by-product of extracting other PGM / Nickle / Copper, I’d imagine it’s the expensive precipitation production techniques built into the price that keep it so high. Most of the time you don’t just pull nice shiny rhodium out of the ground, there’s a massive supporting infrastructure to produce it from the ores etc.
I’ve read other applications include jewellery and ‘shiny surfaces’, so I’d see continued application in the scientific world.
Anyone else no more about this?