London Scottish Bank Share Discussion Threads

[davius] 12/6/2008 19:06

Heck of a lot of buying today, dozens of 10K purchases all day. I'm surprised that the share price didn't recover a bit more in the afternoon.

[grlz] 12/6/2008 17:12

dav - yep looks like the computer has incorrectly read them when the spread narrowed

[davius] 12/6/2008 14:43

Some of the sells might not have been. If you look at the timing the batch that went through at 12:24:24 were all at 8p, as were all of the prior trades. I think we've had a long spate of buying, including another 350K buy a few minutes ago. Someone is building a position or I'll eat my hat...

[cyclingnut] 12/6/2008 13:06

meany,

Not panicking just making light of a dire situation!

[meanm] 12/6/2008 12:36

The sell's are even less "chunky". I think we should all calm down. I actually find it so amusing when people simply panic in situations like these. Go put your money in an ISA.

It will come good.

[grlz] 12/6/2008 12:08

cyc - selling would not hurt me - but there is more upside here than the present share price indicates - the news has been positive, although concerns on the potential RI have beaten this down imho

[cyclingnut] 12/6/2008 12:03

DAYTRADERS OFTEN BECOME LONG TERM HOLDERS WHEN TRAPPED IN shares like this....

whoops capslock happy today.

[grlz] 12/6/2008 12:01

lol - looks like my short-term trade is going to turn into a longhaul adventure ;)

[cyclingnut] 12/6/2008 11:57

THE BOARD OF MONKIES KNOWS OF NO REASON FOR THE RECENT AND CONTINUED EROSION OF OUR SHAREPRICE.

We got more than expected from the recent sale, made a few quid on the sale of our shares in CES yesterday....we are looking at ways of steadying the ship....PLEASE HAVE MERCY MM'S.

[grlz] 12/6/2008 11:55

dav - lol it would be a b'stard thing if it did, I just cast my mind back to BWE which was a main market listed bridging lender until the same trick was used to take it private.

off the floor but 8p isn't breaking yet

[davius] 12/6/2008 11:50

cn, those aren't PIs, they are all auto trades straight off the order book and all taken over a couple of minutes. A single buyer I'd say.

grlz, this isn't an AIM stock, do they have the authority to go for a placing rather than a rights issue? I didn't think so.

[grlz] 12/6/2008 11:45

its possible Murtagh has shown his hand by tipping 3% for the Money Group to position itself for a placing - cheaper and quicker than a rights issue and Murtagh could end up with 40/50% @4p

imho

[lawson27] 12/6/2008 11:44

davius

thanks very much

[cyclingnut] 12/6/2008 11:43

yeah mickey mouse pi's....no really chunky buys to speak of...just lemmings heading over the cliff......

[davius] 12/6/2008 11:38

Calm down, have you seen the buys coming in?

[cyclingnut] 12/6/2008 11:29

grlz,

yeah too many....boom or bust for me I'm afraid...what is your take on this....good night Vienna?

[grlz] 12/6/2008 11:22

u still holding a few cyc?

[grlz] 12/6/2008 11:19

thats ugly

[cyclingnut] 12/6/2008 11:18

no volume...price tanking....not boding well is it....

[davius] 12/6/2008 11:15

These city bankers have very large test tubes, that's why we know them as city wa...

oh never mind.

[cyclingnut] 12/6/2008 11:12

Cum Vol sounds quite rude!

[davius] 12/6/2008 11:09

Lots of smaller sells (almost always under 10K) followed by the odd 50K buy (and one 100K). I'd read this as the market makers with buy orders so dropping their bid/offer to encourage some sellers, when they have enough shares they can fulfil the buy orders. Only my interpretation, no advice intended.

[davius] 12/6/2008 11:05

LAWSON, VWAP is showing at 7.99p so anything under 8p would be below average for the day. L2 still weak but someone is picking up 50K and 100K chunks between 7.5 and 7.75p whenever they are offered. Bigger players clearly think there's value here and I think longer term we should be ok, but short term is anyones guess.

[cyclingnut] 12/6/2008 11:05

placing at what price though.............2p at this rate!

[quraishim] 12/6/2008 10:43

it looks like placing or rights issue is creating uncertainity........oh well have to wait until it settles.