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[sirmark] 28/2/2024 10:06

MM are paid and would like the business, if your offering them the commission to trade at a value, they will work hard to get the price to value so they can execute and get the commission.


Level 2 large orders still going on the book

10:02 50,000 23.8
10:02 278,286 23.7
10:03 12,519 23.68
10:01 1,000 23.52
09:38 25,000 23.5
09:06 321,000 23.4

[tom218] 28/2/2024 09:46

Why would the MMs be helping Mangrove? And if they did would this not be illegal/fraudulent? (Genuine question).

[sirmark] 28/2/2024 09:15

Remember 22.5p is their B/E on the recent "top up's" that went badly against them when MS step in to sort the CBL ... I think they would take the small £75 loss on that in favour of what will now be circa £4.5- £5mln profit from the whole bet !

[sirmark] 28/2/2024 09:13

I know I'm like a broken record, and I'll take that on the chin but large buy orders going through on the book and the stock being manipulated down to get them filled would suggest Mangrove on the close with the MM's help.

Another Nice Buy order on the book

09:06 321,000 23.4


I don't think I've been ever more convinced this is Mangrove and they will be out by the end of the financial as the MM's are help this transaction.

With yesterday's volume and trading I'll be keeping a close eye on today's reporting.

[mlf51] 28/2/2024 06:42

It doesn't take much to prise the rats from the sewer, not long now.