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It's quite odd that it has closed at 7.38p when I mentioned 7.37p being an approximate price including the new placement shares. The games probably won't stop until the 16th unfortunately.
Ok guys I believe the new shares from the placing are being priced in somewhat with the current share price from some quick calculations.
The current market cap is £49.83m with 547m shares (Google). When the 400m shares come into play with a £20m increase to the market cap we will have 947m shares in issue with a total market cap of £69.83m. That equates to 7.37p per share. That's roughly -5% down from where we are at today.
I'm expecting an ex-dividend type day on the 16th when the shares come into play where the share price drops but there is an increase in buying, potentially helping to finish above whatever the closing price is on the 15th. We'll see I guess but I expect a lot more buying from the 16th and the way the price has steadied recently gives me confidence it has found a new level.
Just my opinion anyway
How can the share price be up slightly with £800 of buying and £90k in sells???
This is so weird. I might buy 20 quids worth and raise the price to 10p.
Time for a pint and wait for all this to blow over
Not a pointless sell if your using that 20 quid to buy a curry tonight! Tasty lol
In all seriousness it makes no sense whatsoever.
The only plausible explanation I have is that a large buy is being filled so MM's are listing all trades as sells to balance the books when it's executed.
Doesn't make any sense though why they would do this.
Hopefully krakatoa!
£20 for tonight's fish & chips LOL
Surely innacurate data should be classed as fraud if there is some manipulation showing buys as sells. People are investing a lot of money here.
It seems like everyday an axe gets taken to the share price within the first 10 minutes and then it freezes for the whole day. I hope it doesn't drop to the 5p share issue price by the 16th but I can't argue against it the way it's going recently. We could probably do with an update from VLS or one of their partners.
Hi Steve. It hit 8.5 briefly at 13:05. Look on Google finance. The prices are pretty much live to the minute.
The buys seem to be reported as sells from the L2 members findings. I know that my buy was shown as a sell last week.
Something strange is going on. It felt like an ominous pause before a rise to me but I don't know.
I don't understand why the share price is frozen like this the last 3 days.
In my opinion I thought it looked ready to rocket but seems to be being restrained. Manipulation or whatever it may be. RNS soon?
That has crossed my mind too whitto. I had the impression the MM's have extra shares and all the buys yesterday (including mine) were shown as sells. I feel like they are filling someone's boots and if a huge buy is shown at some point the trades technically add up on paper. It reeks of something at the moment....
I don't believe those trades as sells because my buy around 15:40 was shown as a sell. If those preclose trades were sells the price would surely have dropped
Thank you whitto. Your appreciated by us. Legend
Your right, hopefully we can get some sort of indication before 4:30pm.
Oh I understand. That is very strange. The freeze at the moment could be something brewing. It's odd to say the least
I'm Trading on ii investors and the buy price of 9.02 was exactly what it said on Google at the time. Maybe it's just certain brokers having issues as the FTSE and DOW seem to be busy.
Hi everyone, I've just wet my beak again with VLS at 9.02p. I've been watching it recently with a sad face after selling a couple of weeks back and I'm quite happy with how it's stabilised. Good luck everyone.
Btw, what the hell is happening at the moment with this eery price freeze...... lol