|I sold out on Kefi a while back (break even) luckily enough. Had enough after all the unrest in Ethiopia. Never mind their Saudi venture in the volatile Middle East.|
|if you have any money in Saudi focused shares, I'd suggest you review it, at least in the short term, as my reading of Trump, Saudi will be near the top of his 'hit' list. IMO|
|I do have a sense of humour rougepierre . . . I often laugh at your posts . . .
In all seriousness, and contrary to what you say, I readily admit I don’t know everything . . . but what I do know is that it’s better to do a bit of research than jump to incorrect conclusions . . .
Here’s a brief explanation of the role of MMs . . .
Note the following . . .
Risk control is paramount so market makers are typically given a total book exposure and a ‘per stock’ limit – anything over this needs sign-off from management or compliance. Market sizes differ massively but the market maker can dictate this. Some family-controlled public companies often have a limited free float so spreads can be prohibitive.
As Palfreyman argues, this is in no-one’s interest as it deters investors, but typically the market maker will choose the bid/offer price they wish to quote.
They are not fund managers so are not in the business of taking large positions; instead, the ideal situation is to close the day with as flat a book as possible. As is the case when investing – to get too emotionally attached to a stock can prove very costly.
TDDI offer an execution only broker service, which I assume you use . . . their electronic trading platform obtains a quote for orders by polling a number of Retail Service Providers (RSPs) for the best price available in the market at the time . . . but RSPs can be turned off hence the use of limit or fill and kill orders, or the good old telephone . . .
From the same article . . .
In the execution-only market, there are 400,000 trades a month. Selftrade typically transacts 1.2 million trades a year and TD Waterhouse is regarded as the UK market leader. The onus on the broker is to provide the ‘best execution’ price to its client, but the advent of RSPs has left firms such as Winterflood transacting up to 95 per cent of their business electronically. A phone call to the market maker is only needed when dealing outside the normal market size, or when trying to work an order. Over time, most if not all market makers have established their own RSP links directly into brokers.|
|Lankn, It is good that board members mention their other investments which is informative and of interest, personally apart from Atym, I have had great returns since brexit, but have no need to crow!|
|What a lovely way to end the week ATYM up and Kincora copper thanks to RP.
Welcome aboard Kincora copper RP. It looks like you bought 29.5k shares. A significant investment right enough, Although a wee bit to go before catching up with my holding, oh I had better be careful as that could constitute boasting. :-)
Nice to see another fellow investor seeing the huge potential in Kincora. :-)
Only 10 days to Astor case and counting.....Waited long enough for this and just want to see it finally reach a conclusion then we can move on.
The future is bright the future is copper.
Have a good weekend all|
|Wanderer, Well said, I applaud you comment.|
|Indeed Bewise, Canada @ C$2.99 or £1.81, on very little volume|
|Canada up nearly 28%....I wonder when we will know the outcome of the Astor case :)))|
|RPYou have to remember that there are poor souls out there, through no fault of their own don't have 2 tanners to rub together. I've seen it with my own eyes, coming from a large family of 6 born into a council house in N. Manchester, having to put cardboard in the bottom of shoes to stop the stones coming through, hand me down clothes etc. Yes I've done OK for myself through hard work and a lot of luck, but I do take stock on families out there now who are in fuel poverty and relying on food banks just to survive. I'm not part of the looney left but quite right wing in my politics. Hope you can now see my loathing of people boasting about their wealth, all the best|
Yes now he has to Shepard the Nation as he has given responsibility to the people to achieve his spoken aims plan for the next four years. Only America counts the rest can form a line behind The American Dream. Be interesting to read what China, Russia, India et al make of his view for Global advancement.
It will be nice to see how close he gets to his target and is four years long enough to bring America back from the brink.
The one thing that was bugging me throughout his speech was the massive debt America is currently carrying as a country. That will have to be paid back at some stage but maybe not on his watch?|
|RPApology accepted, I'm not one to hold grudges.|
|President Trumpton has just reiterated his plans for new roads, bridges, tunnels, airports, across the whole country, and that sounds like a whole lot of Copper consumption to me..!
Another strong week for Atalaya with the Broker notes all getting reiterated 'buys' and higher target numbers, it's all coming together now isn't it along with the Copper price, the project delivery timing just couldn't have been any better..!|
laurence llewelyn binliner
|RPUnlike you, you will never know my financial status, or what positions I have in other companies, this one included. Called me old fashioned (49 yo) but I find boasting about ones wealth in bad taste|
|I must say I'm looking forward to that nice Mr Trump being impeached....sorry inaugurated...this evening (can you get that operation on Obamacare BTW?)
Have a great one guys! Nice finish to the week after the somewhat anodyne RNS, but at least we now know that ATYM has made positive EBITDA for the whole of 2016 and a net profit for Q4!
Onwards and upwards...
PS Just off to buy some pins and a lump of plasticine... ;-) GLA|
|and 160 at 4.20|
|Wow! Are you sure you can afford 120...that's almost £200 of your hard earned moolah...?|
|Big charts were showing 158 at 2.20pm.|
|Yes but no but wanderer...
If you read back on the posts, you'll see that for most of an hour one could only buy 100 online
So, starting with me, I encouraged people to buy 100s to substantiate the offer...
I bought four lots starting at 11.51 and finishing just before the close...so somebody else must have bought a couple...
It didn't cost much but may have helped us to close bang on the day's high of 155/160, i.e. up 7 pence...
I presume you bought more than that at 160 but the bargain hasn't shown up yet...?|
|Shares must be hard to get hold of imo, tiny amounts being bought|
|Beat you to the 1.60 twenty minutes ago RP|
|Just as I was about to postulate that we might hit 160 again (paid this morning at 10.33), there you go...boom...
What a very satisfying day...155/160 now...where will we close...up 7p on the day...
And 160p just paid again...|
|Thanks Acamas. I always appreciate suggestions like these.
I'm afraid i've been in and out of POL in the past and I think I'll give that a miss as I'm very fully invested in gold/silver with big holdings in e.g. HOC, MARL, FRES, GPM etc.
Keep an eye on POL greatly undervalued and The Boss is buying the most recent acquisitions to the portfolio from his own cash. Most likely a long term hold but that could change quickly if gcm is given the green light dyor|
|Meanwhile lankn, having seen your regular posts here and elsewhere, I have done the detailed research and taken a significant position in KCC (Kincora Copper), which is unusual for me because I hardly ever deal in foreign dominated shares...
In this case I was helped by TD Waterhouse being a company of Canadian origin.
So, KCC goes on the back burner alongside RMM (Rambler), BKY (Berkeley Energia), AAU (Ariana) and KRS (Keras), together with what will become the rump of my ATYM, as long term investments...
Thanks and cheers mate!|