Shares soaring!

[hubbahubba]

I see the share price is rocketing atm,anybody got a theory as to why,apart from the obvious "undervaluation"?

With the prospect of strike action in the near future,it seems strange that the price should continue to climb surely?

Or is somebody "in the know" as to the outcome of talks,the selling of property etc?

[hantsman]

I see the share price is rocketing atm,anybody got a theory as to why,apart from the obvious "undervaluation"?

With the prospect of strike action in the near future,it seems strange that the price should continue to climb surely?

Or is somebody "in the know" as to the outcome of talks,the selling of property etc?

Hardly rocketing, but slowly climbing.

[wandle]

Not rocketing, yes. But it IS odd, that each day that passes without a deal being announced, we are 24 hours closer to an ACTUAL strike. So you'd expect the shares to be slipping in price, not going up.
Maybe some institutional investors have inside knowledge of a deal that's yet to be made public knowledge?

[barbario]

The one good thing about shares raising,it will put a lot of pressure on that idiot
Vince cable to resign

[hantsman]

Not rocketing, yes. But it IS odd, that each day that passes without a deal being announced, we are 24 hours closer to an ACTUAL strike. So you'd expect the shares to be slipping in price, not going up.
Maybe some institutional investors have inside knowledge of a deal that's yet to be made public knowledge?

Strike was factored in, plus undervalued.

[wandle]

Not rocketing, yes. But it IS odd, that each day that passes without a deal being announced, we are 24 hours closer to an ACTUAL strike. So you'd expect the shares to be slipping in price, not going up.
Maybe some institutional investors have inside knowledge of a deal that's yet to be made public knowledge?

Strike was factored in, plus undervalued.

No. The possibility of a strike was factored in. Maybe some buyers at the 510p+ levels are going to get their fingers burned. If they drop 10%, to say 460p, those who bought at 330p will still be quids in.

[fishtank]

I see the share price is rocketing atm,anybody got a theory as to why,apart from the obvious "undervaluation"?

Big fish eating little fish.
The price is being propped up as the big investors who are more interested in the dividends than the share price hoover up all the little £750s from Joe Public.
It'll drop back a little once that's done.

[chrisj]

A postie sells his shares at 13.38 - trade 2 on the list

Good on him or her.

Yes, cash is off very little value to some of the investors especially some of the foreign investors - petrol or mineral money and all that. They are after steady investment and somewhere legit to park their money.

The biggest gainers are now those that went postal as their share certificate and/or information will just be arriving.

This is interesting. But I think it is the scarcity of the shares now that is leading the price increase rather the value of the company.

[travisbickle]

big drop this afternoon to under £5...........was over £5.30 earlier..........wonder why?

[cloherty1976]

big drop this afternoon to under £5...........was over £5.30 earlier..........wonder why?

Profit taking I would have thought. On Friday night after close there was I think 2 million shares traded by big institutions after the close so that's why they went up sharply this morning..

[TrueBlueTerrier]

big drop this afternoon to under £5...........was over £5.30 earlier..........wonder why?

wouldn't read too much into it - these are all buys in last 30 minutes

16:46 - 21/10 n/a 250000 500.19p £1,250,472.50
16:40 - 21/10 Buy 118392 521.61p £617,542.14
16:40 - 21/10 Buy 255013 511.55p £1,304,506.25
16:35 - 21/10 Buy 8392 498.00p £41,792.16
16:35 - 21/10 Buy 1608 498.00p £8,007.84

[cloherty1976]

Sorry I am not linked to this one tbt and these are just late processes . I am looking for specific institutional buyers..

[chrisj]

It looks like there are some Automatic Trades (AT) and loss savers selling as soon as it is below £5.00.

Like I said, all interesting. My interest will pass - sorry to bore some people...

[taxi4leighton]

i was under impression that once a company joined ft100 their shares soared because all the hedge funds,isa managed funds etc etc.automatically bought shares in this company.i was also lead to believe that rm were almost in the ft100.i think a value of 5.5 billion was needed

[cloherty1976]

Next entry date is December in to the ftse 100