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The MM's are taking the 'Michael' this morning... The spread was 9% a short while ago and is still 4+% now! Means that trying to day trade this becomes much more difficult to do without losing money too!
The key statement in the RNS for me is "...the Company believes the requirement for the current unutilised complaints provisions remains in line with expectation." The Scheme of Arrangement means we'll have certainty going forward and lending can start again. Assuming they get this it's great news for the long term SP and the future of the business!
What we're seeing this morning is loads of people selling shares because they are panicking that the market is dropping due to other things. We all know that it will around so I'm sitting tight and not panicking! Whenever I've panicked over the past 9 months I've ended up buying back the shares at a higher level and losing money! :-0
This share seems to be defying the rules or supply and demand today! :-0
# Trades 503
Vol. Sold 3,005,663
Sold Value £277.72k
Vol. Bought 5,402,900
Bought Value £499.23k
Good luck with that acaciatan! I think'hope you may need it!!
Have topped up this morning...
Can't believe that people are selling at 9.1p when it's been higher than this for weeks! But thanks for your shares! ;-)
I think this is a separate dump...
To be fair Test, I'n in both AML and RR for the same reasons! But also holding a chunky piece of AMGO since I bought in at 7p a few weeks ago as my turnaround play... (crosses fingers and everything else!)
I was talking with someone last week who is middle management on the engineering side at AML and he suggested that they are looking to launch phev models early in 2024 which is earlier than I thought they said... Bodes well!
Raises his eyes to the ceiling emoji!
That's what the filter is for I guess...
Does make you wonder which numpty traded as below when it's been higher than that for weeks?!
16-Dec-20 15:58:13 9.1439 212,991 Sell* 19.48k O
Hello All,
I had shares a couple of months ago but sold for a small profit and have regretted ever since. Have just bought back in as this looks like too good an opportunity to miss now!
I've only gone back as far as noon today but looking at all the transactions this afternoon the sells are almost exclusively stop loss but there's some big buys (see below). I suspect a lot of people are going to be cheesed off they set their stop loss at around 75p but great to pick up shares at lower than this level! :-)
15-Dec-20 15:06:26 74.20 350,000 Buy* 73.80 74.10 259.70k O
15-Dec-20 13:24:56 74.20 1,959,776 Buy* 74.10 74.30 1m O
15-Dec-20 12:41:57 75.00 280,000 Buy* 74.20 74.30 210.00k O
15-Dec-20 12:24:58 74.73 170,000 Buy* 74.10 74.50 127.04k O
15-Dec-20 12:08:11 75.00 240,000 Buy* 74.10 74.50 180.00k O
Well @10p nobody's buying this morning so far...
And only £17k sold...
It looks like being a very slooooooow day!
Some news would be good but not sure we'll get anything before a Brexit deal is done/not done (delete as appropriate!)
Glover1st
"The company isn't any more valuable than it was before the reverse split"
Correct and it isn't any LESS valuable either!! It's MC is EXACTLY the same!
Where the SP goes from here is dependant on the business performance over the next few years!