Unfortunately gentlemen Orchard Gate is right. I don't condone abusive behaviour but this stock is a wrongun. Their Nomad/Broker can't make a buyer of any amount at any price so you've got to think they believe this business is doing what it says it will, head for the clouds. Any company who, at their AGM, turns the air conditioning off to make the room more than unbearable in an effort to curtail the meeting, to me, is doomed. We've all done our dosh believing in some sort of miracle bid/merger/new partner when infact the world has passed this 'crock of sh#te' by. good luck guys. at least you'll have a tax credit to offset against your other gains
Not quite sure why everyone's getting themselves worked-up here? Visa has, roughly, between 60 & 80m shares left to go, at the current run-rate thats a couple of days volume, then it'll depend what Omega wants to do with the rest of their 200m? if V. wants to 'puke-out' their holding here, thats fine. I would have thought the market looked at the announcement after-hours last night, and decided to take some profits, that's fine, it's called market-mechanism! BTW, for MM's read machines, it ain't the guy's in the trenches doing this, it's an order-driven stock!
Zac Mir talking MONI on tiptv.co.uk @ 10an, it'll be interesting to hear what he's got to say
dotlink: I don't think the sellers have gone, more like they're restricted? there must be something cooking methinks??
I see there's some good news around in this thing and it's about time too! Has anyone considered that the sellers (JPM on behalf of V. & Omega) may have been put on the 'inside' due to a placement/deal about to be announced with their figures on 3/9? It's had a disproportionate move up on relatively light volume, don't make sense to me although I understand it was hugely oversold. It appears the sellers have taken their foot of it's jugular!