Sphere Medical Share Discussion Threads

[cc2014] 31/1/2017 22:56

I am fascinated to see what happens in the morning Tim and where the price goes.

[timbo003] 31/1/2017 22:39

Thanks for that analysis CC, I can confirm that the trades timed at 09.03 for 10K shares @6.0799 and 15K shares @6.1 were both buys (mine).

[cc2014] 31/1/2017 20:20

My thoughts for the day

I took a few quotes today and all the trades at 6.1 and above after 8:33 are definitely buys. It seems pretty reasonable to suggest the 6.0 is a sell which was delayed from yesterday although it isn't marked as such.

So that's about 1.1m buys vs 300k sells reported. I suspect many of those reported sells yesterday are also buys.

Also L2 looks like this
WNTS 6.0 Peel 6.25
SHOC 6.0 WNTS 8.0
PMUR 5.75 SHOC 8.0
PEEL 5.25 PMUR 8.75
Peel are completely out of line with everyone else so one assumes the all the buy trades are going to Peel who seemed to have an everlasting supply until they refused more buys later in the day. I only found out I couldn't buy any more around 16:15 but looking at the trades one wonders if this happened earlier in the afternoon, say around 14:45 when the last buy trade went through...

The fact that I can sell 150k at 6.12 I find bizarre. Around lunchtime I could sell 150k for 6.21 and all we've had since then are buys.

I have a few ideas:
a) Peel took a large sell order and have now shifted it all. Indeed they were a bit sleepy and sold too many.
b) Peel took a large sell order on and have completely it, sold a few more and thought they could get some more but have now found their source has finished
c) During the afternoon a large buyer appeared and from wanting to sell lots of stock in the morning now they want to collect them for their client and so will accept 150k sells but no buys. They want them sub 6.25 which is were the offer sat for a large part of the day
d) A junior jobber at Peel misunderstood the trade and now Peel are in a pickle

Note that PMUR as sole broker aren't driving this

And finally what I know for sure is that if we get another 900k buys tomorrow the price won't stay down here as the whole market will realize the stock is coming from one source

I find it all quite interesting but would love to hope the share price moves up tomorrow

[cc2014] 31/1/2017 13:20

Hmm - well very nearly every trade today is a buy (except the 250k sell) as the many have been reported as sells even as I have been monitoring the actual prices available.

Clearly a sizeable sale but with the constant stream of buys one wonders how long before the price moves up.

[gertie2shoes] 31/1/2017 10:59

Hmmm.... wonder what the 'alternate facts' are.

[longshanks] 31/1/2017 09:06

Someone seems in a hurry to dump these

[gnnmartin] 05/1/2017 15:47

Slightly disturbing that there is no mention of the terms of the loan facility.

[cc2014] 04/1/2017 08:07

Fantastic news and not something I was expecting. SVB wouldn't be lending up to £3m if they didn't think they would get their money back, so they must have believe SPHR are going to generate significant sales in the not too distant future

[del44] 04/1/2017 07:26

Sphere Medical Holding plc

("Sphere", "Sphere Medical" or the "Company")



£3 Million Loan Facility


£1.5M is been drawn immediately, perhaps to ramp up commercial activity...


Sphere Medical Holding plc (AIM: SPHR.L), an innovative point-of-care monitoring and diagnostic devices company, is pleased to announce that it has secured a £3 million loan facility (the "Facility") from Silicon Valley Bank.
Under the Facility, an initial loan of £1.5m is being drawn immediately. A further £1.5m loan will be conditionally available until March 2018. The funding from the Facility will be used for general corporate purposes. The loans will be repayable by March 2020.



Richard Wright, the Company's Chief Financial Officer, commented: "Now that we have launched Proxima 4, this additional funding gives us important extra flexibility as we advance through the launch phase. We welcome the support from Silicon Valley Bank which is a further demonstration of the continuing commercialisation of the Company."

[gertie2shoes] 19/12/2016 06:24

Thanks Timbo. Exchange Market Size - found it!

[longshanks] 18/12/2016 23:22

The baggies lost. Does that mean we won't have a good week?

[timbo003] 18/12/2016 08:03

>>>>>g2shoes

voila!

Just search the individual epic code on the London Stock Exchange site, for example, here's Sphere which gives the value of their NMS

[gertie2shoes] 18/12/2016 06:10

Thanks both. How does one find out about NMS for other stocks, as well as other trading conditions. With some shares being quite thin this info is good to know.

[del44] 16/12/2016 22:14

Also gertie....the Market Makers (MMs) give a quote which is only for the NMS (Normal market size)So for SPHR it is 5,000 shares any order above that and they can give a different quote outside the quoted range..........
Hope all have a good weekend....could be a good weekend a head...if the Baggies can beat United...:-)

[cc2014] 16/12/2016 20:38

Hi Gertie,

The MM make a market and offer a bid and offer price (the spread) for buying or selling shares. Today the bid offer spread was 9-10.25. Yesterday it was around 9.5-10.25

Someone wanted to sell a huge quantity of shares and instead of getting 9.5 for them, the best price they could get was 7.0 (know as selling outside the bid)

[gertie2shoes] 16/12/2016 19:34

What does 'outside the bid' mean and how does that happen

[waterloo01] 16/12/2016 18:37

Well spotted. Trade was yesterday so hopefully that's the case.

[del44] 16/12/2016 18:09

Large seller now cleared off?
3/4 million shares sold outside the bid...@ 7p
Hope so...

[timbo003] 15/12/2016 18:01

.....and a new interview with Wolfgang, he sounds quite upbeat:

[cc2014] 15/12/2016 12:39

New Trinity Delta note out:

[timbo003] 15/12/2016 07:54

Under the terms of the distribution agreement, Prhoinsa will commence marketing of Proxima in the second quarter of 2017 and has already placed initial orders for Proxima 4 monitors, launched in Europe yesterday, and consumables.

Note: monitors(plural)

[waterloo01] 15/12/2016 07:34

Well spotted. Spain on-board.