Why are we again at 10.5p bid?

It doesn't add up...

Good Results + Strong buying pre results + Christmas online buying soon = Price drop

Then again some companies that have debt for equity hanging in the balance, poor results and bankruptcy around the corner and they go up!

Why sell now at a loss?

Wont that be a kick in the teeth when we see 13.5p 14p again!

Best of luck all.

VWAP. A measure of the price at which the majority of a given day's trading in a given security took place. Calculated by taking the weighted average of the prices of each trade. The method is used by institutional traders, who often break a given trade into multiple transactions.

Gruffly Bear - 4 Oct'04 - 16:52 - 18189 of 18199


Credit card fraud rockets
By Jonathan Prynn, Evening Standard Consumer Affairs Editor
4 October 2004

A new alert was issued today over credit card theft.

Millions of people are being warned that they are at risk of having new credit cards stolen from their post before they have even received them.

Latest figures show that fraud following the theft of credit cards from the postal system soared by 51 per cent to 61.2 million in the year to the end of June.

The crime wave comes as tens of millions of replacement credit and debit cards are despatched for the new "chip and pin" system.

The new cards carry a computer chip that matches up with a pin number that is punched into a pad at the till.

The system is designed to make fraud harder because no signature is involved and because the transaction is always carried out within sight of the customer. However, fraud experts believe criminals are taking advantage of the unprecedented number of cards in the post for a last "fraud feeding frenzy" before the new system takes effect.

So called "mail non-receipt" was the fastest rising form of credit card fraud last year. About 130 million chip and pin cards are due to be sent out.

Banks and other credit providers are desperate for the new cards to be operative before the end of the year. After 1 January retailers will be legally responsible for any fraud on credit cards under the new system rather than banks. Fraud experts warned that many cards are not being sent by secure courier and some may have even been activated before being posted.

Cards that fall into the wrong hands can be used for transactions over the phone. It can be weeks before the customer realises a fraud has taken place when the first bill for the new card comes in.

About 14 million items go astray in the post each year, of which only a small proportion are officially recorded as theft. Although some thefts are thought to be "inside jobs" by mail staff, many are also stolen when mail is left unattended, for example in the entrance halls to blocks of flats.

Last night a spokesman for industry body the Association of Payment and Clearing Services (APACS) admitted theft from the post was an issue.

She said the industry was liaising with Royal Mail to ensure security. She said: "There is a feeling there is a concerted effort among criminals to make a fast buck while they can." While banks believed the post remained the best way to deliver most cards, there were options where problems arose, she added. They could courier deliveries or arrange for a card to be picked up from a branch, she said.

Total card fraud rose by 18 per cent to 478.8 million last year. Fraud experts warned that the new chip and pin system would force criminals to look for new ways of carrying out fraud.

One said shoppers would have to be vigilant in guarding pin numbers. Once a criminal has a card and the pin number he can effectively "roam free" as a signature will not be required. On top of the burden of having to remember more pin numbers, there are warnings about always using the same combination of digits.

The APACS spokeswoman said: "Fraudsters will still be able to use the cards in the few places that take just the signature."

http://www.thisislondon.co.uk/news/articles/13571402?source=Evening%20Standard


Looks like there may be quite a surge in work for RTD as a consequence of chip and pin and it may have the benefit of bringing RTD to the attention of many new retailers / customers. After all these stolen chip and pin cards are going to be used for CNP purchases and not in the shops.

Folks!!!

Did you happen to notice the 'P' (Protected portfolio transaction) trade at the end of the day ?

These trades are normally used to stake a "worked" price e.g. in this case it looks as though the buyer (with very deep pockets) has arranged to buy a substantial amount of shares, all at the bargain lot price of 14.25p.

How many more 'P' trades are to come ?

Looks like a fine pointer to institutional buying to me. Timing is probably about right also - they've now had enough time to realise that the infringement is cobblers and that RTD is still significantly undervalued !

over there was also a VW trade the day before which indicates Institutional interest.

Someone seems to be accumulating these. Another large buy reported at the close.

Happy1 - Great news! Exactly what we need to haul RTD out of these temporary doldrums.

I'll be watching the trades with interest over the next few weeks.

Is there any end to this selling?

very frustrating !!!

where are the buyers?

;-/

The buyers are staying away until the results of the litigation is released, the longer it goes on the more people are thinking the news will be bad. The share price then dives and people will get in then.
Let's hope the news, when it's released, is good.

I still had some of these left & I sold them this morning.

Wiil be interested to see how far they fall due to litigation, they may shoot up again when it is over.

This litigation will take years. Does that mean RTD share price will go even lower for at least 3 years!!!!!!!!!!!!!!!!!!! Doh

Agreed scotinvestor...

But there's not a lot more for it to go down :)

then again someone decided to dump 500,000 shares

Im looking to pile into RTD big time again, just trying to get the timing right :)

I , like many more have long term faith in this company, just wished the company would come up with some positive newsflow

good luck

parveen1 - look closer - the 500,000 is a "worked" protected trade BUY on behalf of the institution which has been steadily accumulating chunks over the past few weeks as the small guys bale out in terror.

If these guys are buying in, they must know a bit more about certain patent infringements than we do !

overgrowth

From where i am looking...i see the 500K Trade as a sell
Unless you have more detailed info? and also why is the price constantly falling even if you are suggesting that these trades are buys.
The maths just does not add up for me

Could you please enlighten me with your thoughts !

Cheers

parveen - when you are buying a few million quid's worth of shares you do a deal in advance with the market - you agree an average price (with the proviso that you can buy at a better price should the market dictate a falling price) and then get the broker to filter in your buying chunks gradually, so as not to cause the price to rise too much and the average to be tricky for the MMs to maintain.

The best time to buy large amounts is when the crowd are selling like crazy, particularly if you know that they're misguided, your buys can then simply mop up the sells and you'll get a great deal at the end of the day.

We all know that the guys with the fund purse strings are the movers and shakers, but the last thing they want to do is move the price up if they're buying !

;-\

Looks as though there are some "brave" retail buyers coming back in also, judging by the trades today.

The only bad news regarding RTD is this annoying patent hassle - without that I reckon we'd be whizzing up past 20p right now!

overgrowth

The 100000 buy at 13.62 do you think it was a buy or sell?

Also the spread has been very tight the last few days, can we read anything into this?

thanks

parveen - tricky to tell on that one, the price shows as 13.625p to be precise, i.e. smack bang in the middle of the spread. Also, the NMS is 100,000, therefore all trades will be following the market so we won't see any delaying effects.

The last 3 trades went:

Sell 3,000 at 13.5p
? 100,000 at 13.625p
Buy 100,000 at 13.75p

I would stake cash on it being a buy, because the last buyer of 100,000 had to pay 13.75p on the nail - if the penultimate trade had been a sell, then the buyer would have a better deal at the end of the day to match the price of other sells during the day.

Regarding the tight spread, this is generally good news because it means that there is a steady flow of buys and sells filling the MM's books, hence they don't need to mess around with the price too much to encourage more trading - this in turn decreases volatility and makes the share more attractive for buyers when sentiment turns (which it will - soon!).

Cheers

OG

:-/

i'm depressed just like dougie with the share price continually falling

anyone spare some prozac !!