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driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

Could be something to do with the placing.the dates correspond with the rns of the 2nd. cheers.

Yes, thanks Boldtrader but I can't work out why 6,394,394 x 3 @ 9p when 46,939,939 @ 8.1p was the deal? There may be more deals during the day of course.
kim

Does not look like anything to do with the placing. Although it's a BC trade, as Kimoldfield states it comes in at a different price to the placing price, IE ( 9p against 8.1p ) unless the remainder are looking at less than the 8.1p price to make the average of the whole placing 8.1p ) but to me that does not make sense. Perhaps someone out there with a far better knowledge than me can explain. Out now till 5 ish.

Would the placing even show up as a trade? I'd have thought the shares would just be issued direct, not as a trade as such.

Agreed, can't see any point. As I understand it, the only time these shares would show is on a selling of the said shares. But even with the whole market down, I would have thought a buy of this size would have well upped the sp, so who knows.

Yes, but I'd have thought a sell of this size would have sent the SP lower!

Its listed as unknown otherwise it would have sent the sp lower.

Explosive,

As obvious as it sounds, I must admit ( I will go stand in the corner ) of accepting it as a buy, but as you say it shows unknown. This though does not help us as I presume the market makers/brokers through the market know if buy or sell and as the sp did not move much we are none the wiser.

Just a suggestion. An inter fund deal, maybe even within the same company?

RHPS, tom bulford says HOLD and hints at further share dilution.
I think this shares still got a bit of a bumpy ride ahead after all the
unrealistic promises made. ho hum.
well at least there's the football to keep my mind busy for the next month..
There's a few members of SEO's BOARD that I'd quite happily substitute for the ball.

They are listed as unknown, because the software that MAM uses to determine sells / buys places the trade dependant on which side of the mid price it is reported. On this occasion the price was at the mid so the software puts it in the unknown category. You have no way of knowing if they were buys or sells, and just because the SP did not fall, do not assume that they were not sells, conversley the opposite applies. Following a significant sized placing there is always a possibility that one of the institutions who took up the offer may have turned their position around for a quick 180k, nice work if you can get it. The whole point being that you can work up any story to explain those trades, good or bad.

pth

Yes, I agree there is no way of knowing if buy or sell, but the market must know.
As far as I am aware,the deal can only be done through the market. That's what throws me. After a deal that size no big movement. Oh well this subject is getting a bit hammered so I will give it a rest.
Nice sunny day again. Dow finished up. What can possibly go wrong on the markets today. Forever the optimist.

A 6 mill plus overnight BC trade has just come up as a sell 9p. I give up. Will just wait and see.

MAM showing the SP as 10.50 now (7:50 am) - Thats quite a leap if it really opens there. Would suggest a buy(?).

It does that every morning Oblo - until the MM's get their prices sorted out. Then miraculously - just before 8 am - the price usually goes back to within .25 of its closing price - unless of course there is big news to effect its sp.

I think I'll restrict myself to one look a day just before 8 in future - ignorance is bliss!

Oblomov,

Don't worry, it's a nice sunny day, the Dow finished up, Seo at least opened level.
What can possibly go wrong in the markets today. Forever the optimist.

Yeah, think I sell my entire holding and buy a sun lounger - its a far cry from a new Bentley, but thats life! lol

Oblo B+G, have one on special for 14.99.Can you afford that!PS Mulsanne going great.

Thanks Mad Pad, that'll leave me with enough for a few G & T's, assuming the SP doesn't fall any further!