Sky High Share Discussion Threads

[roommove] 10/6/2008 11:07

Not a bad CV for a Non exec director of a £1.5m company. Also holds 15% of the company. Gives you some confidence things will come good here.


Also today, PartyGaming announces that Michael Jackson, Non-Executive Chairman, will step
down as a Director within the next 3 to 4
months, following the induction of the new CEO and the selection of a successor Chairman.

Michael Jackson led PartyGaming through its stock market flotation in June 2005, one of
the largest IPOs on the London Stock Exchange
for a number of years. Under his Chairmanship, PartyGaming has faced a number of challenges
but has continued to build upon its leading
position in the industry by acquiring a number of online gaming companies and through its
approach to regulatory compliance and responsible
gaming.

A search to find a successor for Michael Jackson has been put in train and a further
announcement will be made in due course.

[mmelody] 06/6/2008 22:19

any significance I wonder - was on the plc website but now removed - hope they got a good price as not sure where I see the fit with core business!

Brand Revelation: Experiential and Field Marketing, Arts & Events
www.brandrevelation.com

[mmelody] 06/6/2008 10:21

first june request for staff I've seen

[roommove] 04/6/2008 10:32

Just re-reading the interims. If we just double the figures if give us £4m turnover and £175,000 profit. As it appears the company has gained several new contract we could be looking at turnover rising to £5m and profits up to £250,000. All at a market cap of £1.75m. We also dont know what the Australian part of the company is doing. So much news is awaiting release, hopefully the results turn up soon and fill in all the gaps.


The results show a profit after tax of £87,000 (2006: £179,000) for the six
month period. There were no costs for being a quoted public company in the
comparative six month period. Underlying turnover of £2.04 million represents a
satisfactory increase over a comparable turnover of £1.59 million in the six
months to September 2006. Trading in the first two months of the second half
has been robust.

During the six months, the Company acquired the 50% of the ordinary share
capital in Sky High Australia PTY Limited that it did not already own, thereby
bringing the expanding Australian operation under full ownership of the Company.

The Directors have not declared an interim dividend. Your Board continues to
search for suitable acquisitions in order to grow the business, whilst also
looking to organically grow the traffic data collection business into related
areas.

[ivor whopper] 03/6/2008 09:37

If there is any any good news to entice only a few buyers, this will rocket, by that I mean 3 or 4 bagger in one day.

[roommove] 02/6/2008 10:29

All quiet here this morning. Its approaching 6 months since the interims were released so fingers crossed we get the yearly results soon.

[39rich] 29/5/2008 22:24

In hind sight i should have sliced again before the drop but even if the share price drops again i will end up with more shares for my original stake anyways hope that makes sum sorta sense? Now hear is my top tip if you want to make sum money buy into tmn check them out!!!

[39rich] 29/5/2008 22:20

Hey melody trust me its not my idea to top slice but the best possible professional advice i lost loads of money wen i first started dealing in shares n only down to been greedy! However with 8years experience and lots of studying i decided to follow the best advice i could find and top slice is it because you can still make profits when share prices fall n for the record i haven't bought back in yet cos i'm at break even so if the share price rises i'm in profit but if it falls more then i will buy back in

[roomove] 29/5/2008 20:24

Well my last top up was not as well timed as my first buy lol! 36,000 shares traded, not really a worry just the illiquid nature of the stock. We enjoy the rises and have to put up with the falls.

[mmelody] 29/5/2008 14:58

well done..hope you get in b4 the news(!)

[39rich] 29/5/2008 14:52

I could av told ya that :) only joking nice read i'm preparing to buy back in with the slice i took :)

[mmelody] 29/5/2008 14:00

credited to manulad on rift board...hope it helps.

manulad - 28 May'08 - 21:54 - 13742 of 13762


This is something posted a couple of years ago by someone on another board that is quite revealing. Not sure where he got it from.

MARKET MAKER SPEAKS OUT: Ways of a Market Maker

I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade.

They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks.

So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.

If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.

Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more.

As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses.

With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision.

Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks.

But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".

Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is).

Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.

Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.

Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.

Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.

Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.

This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience

[gantenbrink] 29/5/2008 13:04

What a difference a day makes - ruined my lunch! Let's hope it's not going all the way back down. I think I'll turn off the monitor and wait for results!

[roommove] 28/5/2008 12:12

As if by magic a 10k sell appears.

[roommove] 28/5/2008 12:10

And a 10k buy, could be a sell in the system as these would be moving by now normaly.

[gantenbrink] 28/5/2008 11:59

Just managed to get another 2k. There was a 25k sell last night which freed up a bit more stock as limits had been very tight.

[roommove] 28/5/2008 10:13

Looks like I took up all the slack, cant buy online now.

[roommove] 28/5/2008 10:08

Couple of top ups for me at 19.5p today. Happy to add before results.

[mmelody] 28/5/2008 09:27

Wonder if they've schmoozed Boris...

[39rich] 28/5/2008 09:06

Would be nice to break 20p

[gantenbrink] 27/5/2008 16:09

Fair point 39rich. I suppose at least we can be grateful for the fact that they haven't had to issue one saying they know of no reason for the recent price rise of which I've see a few over the past couple of weeks. Hopefully results will be as encouraging as we hope and show solid progress.

[39rich] 27/5/2008 13:13

All plc's do their best to maximise profits n to post updates isn't cheap so why should they waste money trying to keep a minority of holders happy??! Shareholders should have faith in the company n be patient!!

[roomove] 27/5/2008 12:22

Hopefully the results appear soon and fill in all the details. Would be surprised if all contract wins have been 'dug up' by this board so it looks good. Especially pleasing is the renewal will means they are doing a good job.

[mmelody] 27/5/2008 12:09

Same with Bexley Council - co. quiet about it. But don't forget the directors were topping up in March ahead of that April news.



In light of the above it is recommended that Option (a) be agreed and that Contract Standing Order CSOs 5,10 and 11 be waived by the Cabinet Member on the grounds that it represents best value to the Council, and that the current 'Survey' services contract with Sky High Limited be extended by a further two years (until 31st March 2010).

[gantenbrink] 27/5/2008 12:04

This is a pretty major contract - the whole of Northern Ireland on a 3 year contract as of last month. I can't think why they didn't do a release about it.