Artilium Share Discussion Threads

[mudbath] 06/11/2008 14:46

Nice to see a healthy little downwards notch on the (currently) upwards moving share price graph.

[mudbath] 05/11/2008 15:50

Another reason Goldstar,why the S.P. languished of late then; so that the options could be struck at virtually an all time low of 13 pence.STILL, AS LONG AS THE ONLY WAY IS UPWARDS from today,then I can live with it!!

[goldstar] 05/11/2008 13:44

mudbath .. I agree, although feel a little concerned the directors have been rewarded as per todays RNS.

[mudbath] 04/11/2008 13:21

DONT THINK the directors were too worried about the recent notable S.P. weakness as in my view they have more of an eye towards its peformance SUBSEQUENT to the forthcoming change of domicile and directorate.It is also critical that the S.P. recovers ,in the short term,to at least 24 pence if existing holders are to avoid severe dilution under the terms of the recent offer.Looking objectively therefore,I would see a 50% rise for ARTA stock over coming weeks-which the share price graph would currently seem to underpin.Not a bad scenario then for a short term profit!!

[gambler99] 23/10/2008 17:00

i wouldn't take any notice of the closing auction...

haven't the board noticed the FTSE is down 40% and no one wants their

company at 20p 10p or 1p....

This really is armageddon.

[giantpeach2] 23/10/2008 16:49

This showing back to 15p from 55% down

[gambler99] 23/10/2008 16:47

oh dear perhaps robert what's his name is trying to get his money back....

or is he still on the run?

1p soon......

[johnwalton] 22/9/2008 23:04

rns

the board know of no reason

roflmao

I'll give you 38million reasons

The person/s incharge of financies at this company should be sacked!

The fund raising should have taken place when the share price was £3.65.

What morons are incharge here?

Results out before end of Sept and it easy to prdict what they will show.

Sea of red and lack of cash going forward.

This might be a good company with great tech but to sit and do nothing all
the way down from 3.65 when you need cash is pathetic.

Glad I do not hold but really sad that close relatives do!

I did advise them to sell all the way up, but greed won out.

[gemini 4 u] 11/9/2008 21:53

Any opinions as to what the bottom may be for this, see a lot of long term future value, not familiar enough to determine a good buy price, any advice appreciated..

[johnwalton] 04/9/2008 13:14

abadan2

never stopped anybody in the past.

fundimentals my -rse

[abadan2] 04/9/2008 13:08

The company knew it could only raise money at a price that was justified by fundementals, and needed to wait till it got to the right level. Would you have invested at 365p?

[mudbath] 14/8/2008 13:25

Buy at the BOTTOM and sell at the TOP is the full deal firthy.I would settle for a journey to half way,,,alhough,,,FLO was about 100% as it turned out.The charts indicate a potential "bottom" for ARTA at between 1 and 7 pence!!Give them a smacking around 2 pence for maximum mileage is my maxim.

[firth] 13/8/2008 12:56

Whats the missing half?

[mudbath] 11/8/2008 20:46

Got you firthy !! Buy low,sell high and you are half way there.

[firth] 08/8/2008 17:46

121 'Good luck to me ' You belong to the school of thought that says you make your own luck.

[mudbath] 07/8/2008 14:46

Luck firthy ??To what do you refer ??

[firth] 07/8/2008 13:55

I thought you did not believe in 'luck' Mudbath?

[arty] 05/8/2008 14:10

Online limits with idealing currently set at 500 to buy and 4000 to sell.

[mudbath] 05/8/2008 13:41

Probably be safer with 5-50 pence Arty.Would not bet on it though.
YES--Double bottom indeed.Just put an order in @ 29 pence....GOOD LUCK to me!!

[arty] 05/8/2008 13:34

Double bottom anyone ??!!!!

What about a 15p-45p confident prediction (subject to rounding errors) (o8

[mudbath] 05/8/2008 10:54

ARTY------Thanks?

Much better explanation than that provided by the Stock Exchange.
I suppose the detail regarding stock available ws accessed through Level 2.
When I have digested and understood the information provided-I will let you know.

Mud.
+++++++++++WHAT ABOUT THAT CONFIDENT 30-50pence CLOSING PRICE PREDICTION ?+++++++++

[arty] 05/8/2008 10:18

Mud, A copy and paste job on the price monitoring extension.It might take a while to digest!!!

What does a Price Monitoring Extension mean?

At the start and end of the trading day, and occasionally in the middle of one, a process known as an 'auction' takes place on shares traded on SETS. (I believe these extensions only happen on SETS - shares traded on SEAQ use something vaguely familiar to auctions, but without the extensions.)

The opening auction normally lasts from about 07:50 to 08:00; the closing auction from about 16:30 to about 16:35. A 5-minute auction can also be triggered in the middle of a trading day if prices are moving very rapidly. I believe the purpose of these interday auctions is to slow things down a bit and get the share price to settle down at a stable "market" level: the opening and closing auctions are similarly intended to get stable "market" opening and closing prices.

In normal trading, orders are continuously coming in and being matched against each other. Each order is either an "aggressive" one that has to be dealt with at once, or a "persistent" order that can sit around waiting to be matched. The "order book" consists of all the current unmatched persistent orders - each one of which is either a sell or a buy and has a limit price, with all of the sell limit prices being higher than all of the buy limit prices (otherwise, a sell could be matched to a buy).

Aggressive orders may or may not have a limit price, and may or may not be allowed to be partly satisfied - depending on the exact combination, they are called "at best", "execute and eliminate" or "fill or kill" orders. An incoming aggressive order gets matched against the order book as far as possible within its constraints; any part of it that is not matched is then rejected. An incoming persistent order is matched against the order book similarly; any part of it that is not satisfied is added to the order book.

During an auction, this matching is suspended. Aggressive orders are not allowed to be entered and persistent orders are allowed to build up regardless of whether they could be matched. (Incidentally, I believe this is why you sometimes see things indicating that the "bid" price is higher than the "ask" price at the time of the closing auction: the "bid" price is the highest price of any persistent buy order, the "ask" price the lowest price of any persistent sell order.) In addition, unpriced persistent orders are temporarily allowed on to the order book - they're known as "market orders". They're basically for people who are willing to trade at whatever the market price determined by the auction turns out to be.

Then at the end of the auction, the whole set of accumulated persistent orders are matched against each other. The basic idea of this is to find the "uncrossing price" at which the largest number of shares can be traded - the idea being that if you go higher than this price, the number of trades goes down because there are too few people willing to buy, while if you go lower, it goes down because there are too few people willing to sell. The full rules are quite complex though - basically, they need to provide quite a lot of "tie break" rules for when two different prices will both result in the same number of shares being traded.

OK, I'm now finally ready to describe what a price monitoring extension is. Remember that the purpose of an auction is to determine a stable market price. A price monitoring extension occurs if the "uncrossing price" determined by the auction turns out to be considerably different from a reference price determined before the auction, indicating that the price is possibly not yet stable. There is also a second possible type of extension, called a "market order extension", which occurs if the matching process doesn't manage to match all of the unpriced market orders described above: having people willing to buy at whatever the market price turns out to be without enough people being willing to sell them shares, or vice versa, is another indication that the price hasn't really stabilised.

What happens is that if the matching process determines that either of these things has happened, the auction period is automatically extended by a few minutes, and a message is broadcast to the market that this is happening for that share. The idea is to draw attention to the instability and let people take corrective action. For example, if there are "buy at the market price, whatever it is" market orders that haven't been matched, the "market order extension" alerts potential sellers to the fact that they may be able to get a particularly good price selling to the market order buyers - and also alerts those buyers to the fact that they may be required to pay a particularly high price and gives them a chance to cancel their orders

[mudbath] 05/8/2008 08:35

Magnerita,

Could you enlarge on Posting 111 ?
Which auction ?
What is a price monitoring extension ?
Where can I find the details regarding 5.3 million shares ?
Thanks
Mud.