Shearwater Share Discussion Threads

[paul1967] 14/1/2010 22:33

gartmore in buying mode at the moment, must have some clients with spare cash. Just bought 20% in TIG too. If i see gartmore at 20% here, my house will go on this share lol

[paul1967] 14/1/2010 22:30

no idea, but the price is being held at around £1 to finish the order.
When complete the share price will move.

I find it funny that people think someone buying/selling over £100k would put it on a negotiated trade rather than a limit order. Bit like hitting the button and praying rather than setting a price on a limit order. lol

[6971] 14/1/2010 22:12

Paul1967
Yes, totally agree with you. I've seen this transaction many times before and seen it debated too.
Confusing as it is, a negotiated trade doesn't show as such and does as you say, show as O.

I've just noticed that the RNS on Monday declaring Gartmore's holding, shows a transaction date of 22 December 2009.

The question now is who is picking up these NT trades? We have a total of 1.64 million of them this year so far, (yes, I have too much time on my hands) which is a fairly large chunk of the shares in circulation (72,000,446 according to RNS of 31/12/2009).

[paul1967] 14/1/2010 20:36

and negotiated trades are "O" trades, there is no code for negotiated.

[paul1967] 14/1/2010 20:36

trade types


NO NT but "N" and a "T"
'N' Non Protected Portfolio
A non-protected portfolio transaction or a fully disclosed portfolio transaction. Normally a transaction of a number of stocks dealt with by one market maker at an agreed discount to the market price.
'T' If reporting a single protected transaction.
A protected transaction occurs when a large order is going through the market. The buyer (or seller) may wish to keep the order anonymous from the rest of the market as the size of the order could greatly alter the price of the stock. With a protected transaction, the dealer will put the trade through in small quantities rather than knock the whole order out in one hit. The entire transaction is reported once the deal is completed. The LSE is notified at the start and at the end of the transaction. However, the market as a whole isn't told until the end, thus the order is protected.

[paul1967] 14/1/2010 20:31

atlast.
Negotiated trades are when the market makers want to control the price so put it negotiated so they will obtain the best price.
Someone dealing over 100k does not do that.
Non protected portfolio
Single protected transaction
is done as is an NT trade so that a large order can be filled without being reported to the market while being filled. A little more to it but that is the case.
On plus markets they put an NT for negotiated not on the london main exchange though.
They have no NT code, it is an N plus a T two parts to it.
Trust me they are not negotiated trades.

[wormcatcher] 14/1/2010 15:40

What is a 'Negotiated Trade' order?

We use an automated trading service (ATS) to execute our real-time online deals. Restrictions imposed by the ATS may mean that certain stocks or order sizes can not be traded automatically. If this is the case then you will be given the option to place a 'Negotiated Trade' order. The order will be forwarded electronically and securely to our dealing team. They will manually execute your order as soon as practically possible and at the best price available in the market at the time of dealing. The commission charge will be standard commission for this type of deal.

NT Negotiated Trade On Exchange XLON Manual Immediate

[paul1967] 14/1/2010 09:46

the only place NT means negotiated is on plus markets, these were executed on LSE NOT plus. LSE NT is NOT negotiated.

[paul1967] 14/1/2010 09:44

or people who post false information and are wrong!

[zangdook] 14/1/2010 09:32

paul1967 - 14 Jan'10 - 09:00 - 977 of 979 (Filtered)

paul1967 - 14 Jan'10 - 09:05 - 978 of 979 (Filtered)

paul1967 - 14 Jan'10 - 09:09 - 979 of 979 (Filtered)

life's too short to deal with morons

[paul1967] 14/1/2010 09:09

do you see an NT trade? NO!
IT is N + T in this case a negotiated trade is just an ordinary trade.
please learn the basics!

[paul1967] 14/1/2010 09:05

also fact is a negotiated trade goes through as an O trade.
NT is non protected portfolio single protected transaction.

[paul1967] 14/1/2010 09:00

wrong
it is a non protected portfolio transaction not a negotiated trade that is FACT!

[zangdook] 14/1/2010 05:43

It's not N plus T; it's 'NT' which is Negotiated Trade. Likewise, from the examples in the list you link to, 'NM' is not N plus M; it's something else entirely.

You should be able to see this from the definitions you've posted, which are contradictory.

See the rules of the LSE (sorry, no time to find a link) - "Each trade report can have only one trade type indicator"

[zangdook] 13/1/2010 17:02

I thought NT was negotiated trade, and N is non-protected portfolio.

[paul1967] 13/1/2010 16:27

a buyer and seller non protected portfolio trades.

[6971] 13/1/2010 16:18

The three NT large trades look like buys to me, otherwise the share price would be dropping. Could it be Gartmore again?

[cwa1] 13/1/2010 12:26

Thanks for that iball link. A bit silly but good to see any positive press these days. Interesting to see that the share price is 115!

[terzoalan] 12/1/2010 13:42

Good stuff, thanks for the link. Onwards and upwards then.

[paul1967] 12/1/2010 13:21

Panmure Gordon upgraded SWG to BUY today