The Bushveld Perspective

Independent perspectives on Bushveld Minerals by private investors, for private investors.

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Trading Update – 7th Sept 2017

Trading started relatively slowly – with only small (<50K) and medium (50-100K) trades until about 11:30am. These were predominantly buys and the nett trades increased to greater than 250K Buys more than Sells. A large sell of roughly 125K at 11:28am was taken up by a PI’s Buy of 100K some 12 minutes later. Two further Buys at 1:30ish, one 250K in size, pushed the nett trades over 500K…

And then the Ask dropped – why ? With an excess of Buys of more than 500K the MMs should be increasing the prices they pay for shares, in order to get more of them, not implicitly reducing the SP by lowering the Ask. The only explanation is that there must be a significant sell yet to be reported in between 1:34pm and 2:17pm. The size ? – well it should be greater than 500K to dominate the nett trade characteristics like it would appear to have done to the Ask.

After 2:17pm there is further semi-regular buying – two Buys of 100K by a PI and numerous small Buys (the Buys of 2x 13081 shares, at 3:41pm and 3:42pm are presumably equal stakes for siblings in JISA accounts). A Sell of 100K a few minutes before the close of trading, plus another after hours Sell of 50K reduced the nett trades position to 643K more Buys than Sells at the end of the day.

The SP finished at 9.875p, down 1.2% on the day, on a trade volume of 1.63M (1.1M Buys, 494K Sells). Further delayed trade reports expected.

This article only conveys the personal opinion of the author. Whilst every effort is made to ensure the content is accurate, we cannot guarantee the accuracy of the data shown. This article does not constitute professional, financial or investment advice and must not be used as a basis for making investment decisions.

Site content is not authorised by the FCA and you are not safeguarded by the Investor Protection measures of the Financial Services and Markets Act 2000. See our full disclaimer

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Thank you for visiting the Bushveld Perspective, an archive of opinions from many private investors and commentators on the subject of Bushveld Minerals, which it is completely independent from.

The Bushveld Perspective holds no responsibility for your investment decisions and information written should not be relied upon in completing specific transactions. In particular the content does not constitute professional, financial or investment advice & must not be used as a basis for making investment decisions.

The content only conveys the personal opinions of our contributors. Whilst every effort is made to ensure the content is accurate, we cannot guarantee the accuracy of the data shown. Site content is not authorised by the FCA and you are not safeguarded by the Investor Protection measures of the Financial Services and Markets Act 2000.

When investing, you must understand the inherent risks associated with share trading and that you could lose part or all of your original investment. If you are unsure about any investment or financial decision, you should seek expert independent advice.

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This article only conveys the personal opinion of the author. Whilst every effort is made to ensure the content is accurate, we cannot guarantee the accuracy of the data shown. This article does not constitute professional, financial or investment advice and must not be used as a basis for making investment decisions.

Site content is not authorised by the FCA and you are not safeguarded by the Investor Protection measures of the Financial Services and Markets Act 2000. See our full disclaimer