Montanaro European Small... Share Discussion Threads

[lozzer69] 07/9/2021 08:26

Looks like same thing happened yesterday but corrected this morning

[yogi] 03/9/2021 20:44

Oh and thx lozzer for the response from the company - very insightful..

[yogi] 03/9/2021 20:42

Busy thread in last 24 hrs! Noticed the reduced price yesterday but ignored as the offer price was in line with earlier trading and Share pad which I use also takes closing offer prices. Creeping up nicely here over recent times - I also hold BRSC which is the UK equivalent and has a similarly nice trend line- good weekend to all..

[smithers] 03/9/2021 15:18

Thank you for doing the work and for sharing the very good explanation from Montanaro regarding the price anomaly.I continue to hold MTE and will probably add

[lozzer69] 03/9/2021 13:27

I emailed Montanaro and got this explanation by return which was impressive. ......I have spoken with Cenkos, brokers for MTE, who have stated there was an anomaly of a poorly executed trade, not representative of the underlying ongoing price development. The company has been especially successful over the last year in particular of having a much closer price and NAV correlation than its history, but also versus its peers.The anomaly was due to an 'unlimited' sell order placed in the closing auction, of around 2000 shares. Whoever placed the order should normally have put a limit on this, to avoid this outcome. At 16.30 - 16.35 there is an auction and if there is insufficient demand at the market level at that time, then the trade, when placed this way, can force an unnatural 'crossing price'. Unhelpfully the closing auction is taken as the closing price, but is in no way representative of the price during the day, week or indeed today. Hence the price was instantly corrected at 08.00 this morning.

[smithers] 03/9/2021 11:02

very odd indeed.

[lozzer69] 03/9/2021 10:23

I thought that but just checked LSE and FT and both show a 5pc flash crash yesterday just before the close. Seems very odd.

[smithers] 03/9/2021 10:08

Probably ADVFN using last trade of the day price which was a UT trade at 2030p

[lozzer69] 03/9/2021 08:16

Now up 5.9pc this morning! Not sure what has happened but seem to be back on track.

[lozzer69] 02/9/2021 17:28

Down over 5pc today. Anyone got any ideas why this has happened??

[yogi] 13/8/2021 21:21

It is a bit - been a holder for about 18 months and topped a number of times since. Many of the investment trusts have limited comment but perform very nicely over time. Good luck and enjoy the ride..

[uncle john] 13/8/2021 12:44

Recent buyer, spreading my towel, a quiet beach this.

[lozzer69] 19/3/2021 16:50

Someone just bought 65000 shares which is good news.

[pugugly] 24/1/2021 17:25

Will or should be even higher on Monday https://www.dailymail.co.uk/money/investing/article-9179151/MONTANARO-EUROPEAN-Big-returns-small-firms.html Proof that the quietest threads often conceal the best performing investments

[andyj] 24/12/2020 08:53

This sits amongst my best ever investments. It just keeps powering upwards...

[milesy] 05/1/2020 21:14

EJ - still holding these?

[schweinswal] 16/6/2011 19:34

Metrocoal -- by RBS Morgans Ltd Billion tonne baby :-) Target $1 AUD http://www.metallicaminerals.com.au/sites/default/files/MTE%20-%20RBS%20Morgans%20research.pdf

[schweinswal] 15/6/2011 07:01

http://metrocoal.com.au/ News: http://www.stocknessmonster.com/stock-quote?S=MTE&E=ASX

[ydderf] 24/2/2004 18:59

crookney robber - i thought i would take a trip down memory lane...........whatever happened to '180p Monday would be my guess'?