Based on nothing more than the number of shares traded and the price action so far today, I'd say that both fleets have now returned to port.
Yesterday was nice and a good example of what a bit of interest looks like in a poor market, but I think everything so far today says "that was it and done" yesterday (i.e. a big buyer who is now a holder).
Obviously I'd be happy to be wrong, but OXB do seem to be a very tight ship these days regarding news, and it remains to be seen what the promised trading update / results notification actually includes. If it is not very much at all (i.e. the minimum they can get away with) then I would remind the jury of exhibit "a" in the fact that not a single OXB insider has bought for a record length of time now.
Well paid professionals in a company which is constantly recruiting and guiding big growth numbers, yet none of them are tucking a few away? |
Or the destroyer above on the surface... |
21 trades in the first 11 minutes this morning, only two of which were for more than 10 shares (a 21 and 42). |
Perhaps February will show the first shoots of Spring? |
If you look at the charts at the top of the page, it looks far more like the continuation of an existing trend... |
Mkt cap £470m at close today and roughly £530m (it all depends on the review day) would get promotion if it was today.
FTSE250 and MSCI (worked out in a far more complicated way) would be great for OXB (and therefore us) but of course we don't know yet if today was transitory or the start of a trend. |
28th February is the next review date, would be good to get the update in before then to give it a leg up. |
12 FTSE 250 companies have a market capitalisation lower than OXB at closing prices. |
Whatever actually happened today, up 6.73% at close on 415,921 shares traded is quite a refreshing change. Especially when it had been 11p higher still for some of the afternoon.
For those old enough to remember the closing credits of Soap...
Will it continue tomorrow?
Are we due big news?
Does it mean something?
Does it mean nothing?
These questions, and others, will be answered on the next episode of Soap. |
lol - somebody buying a few shares to make a bigger holding look good for the end of the month ;¬) |
I guess others saw, but at 2:30 there were 3 consecutive trades of 1,200 shares at 455p.
Whoever that was then please don't feel shy about buying more and if you want to own up to it then I will happily propose you for an MBE (services to shareholders). |
Fairly sure the closing price will not be held down today! |
Should Tucco be thinking about booking a party venue? |
Looking great today..Lovely.:) |
Yes,i think there's been sustained selling overhanging the price and hopefully thats cleared.If the price can break on through to a 52 week high,around 444 odd,the algos will be positive and we could be on our way to 480ish.(Thereagain,i suppose its always possible that someone knows something!)Healthcare,as suggested some days ago by takeiteasy,may come in for some support on the back of an element of tech money relocating.Healthcare was one of the sector leaders in the US yesterday as Nvidia etc plummeted. |
Have a look at the chart from March to June 2024 above...recent trading looks a little like a similar pattern may (use the term very tentatively) be forming especially if 140 falls in short order :) |
Surely the most likely scenario here is that for quite a while now there has been a large holder (but below the 3% / 5% notification) who has needed to sell some / all of their shares for reasons unconnected to OXB (redemptions / general economy / taking profits made since the lowest lows) and has now finished?
If so then all good. If not then we'll never likely know the reason anyway.
My pound would be on the end of Feb for the update and I say this based upon the trading update on the 8th of August last year. If it's a similar format (and it will come from the same authors) then it's going to be an update and notification of the FY results date combined. IMHO they are extremely unlikely to give us 12 weeks notice of the 2024 FY results date, so based upon that my guess would be end of Feb they will give us that little update and results notice.
None of this of course explains no insiders buying for a very long time now and OXB's apparent wish to say as little publicly as is possible. |
Livelier than for some time. Do they need a plumber? |
83k before 10 suggests a big day ahead, but the SINT trades are still here. |
Will the mega barrier at 129/130 be erected again this time - I think you are saying it might not be...will watch with interest |
I am going to make an educated guess here that whoever or whatever has been keeping a lid on the price for a long time now is aware that a trading update is definitely coming in February and could be as early as Monday. |
Now that the Chinese have pretty much nuked the AI/tech trade near term, I wonder where all that tech money will go into more defensive growth names? we can only hope ... |
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