Reality Check17 Sep 2014 15:29
Camkids is generally a low volume traded share, with a daily average of 90,044 shares traded over the last three months. However since the Naibu events on Friday 12th September, trading volumes have increased significantly from the norm. (12 Sep - 493,400 / 15 Sep - 381,500 / 16 Sep - 333,900). Volumes so far today are approximately 340,000. Bearing in mind that there are approximately 77million shares in issue, this hardly endorses a mass sell off, as seems to be the conclusions of several posters.
The sp has dropped 35% since last Friday, and this has clearly been instigated by the mms, as a reaction to the Naibu news, with the aim of causing volatility and so increasing daily trading volumes. Looking at the volumes since last Friday, they have clearly succeeded with this aim, but again l reiterate with no MASS sell off, but with a definate increase in the normal trading volumes.
Mms are also known as liquidity providers, and to be honest they do their jobs incredibly well by managing to obtain increased trading, even in the absence of any substantiated reason. In the case of Camkids this is clearly an opportunity to top up, as some posters have previously said. They are a different animal to Naibu and l personally can not see the same problems. GLA