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Are the market makers taking the p*ss ?? (FDI)     

hobbst - 08 Sep 2004 16:33

Why is it that on most days a large trade on FDI sails through late in the day, often after the market has closed ? Even more irritating, today a trade of 25,000 shares when through at about 16.25 showing a time of 14.22 !! It seems that the poor investor has little chance of ever having a level playing field.

No doubt there are other shares out there that suffer from equally dubious dealings .....

Kayak - 09 Sep 2004 00:06 - 2 of 3

There are rules allowing the reporting of large trades to be delayed until last thing in the day. These trades will appear just before or just after 16.30, up till 17.00+. Also the LSE automatically delay the reporting of large trades for one or two hours depending on the share (in this case 2 hours). Nothing you can do about this, the rules are there for the benefit of the market makers. The delayed reporting allows them to have a chance of dealing with any imbalance in their position caused by having taken on or sold a large parcel.

queen1 - 15 Oct 2004 16:11 - 3 of 3

This company has so much potential! The tie-up with De Beers and the amount of unexplored site make this extremely exciting. This has been reflected in the sp but I believe there is a lot more to come, IMHO. Any additional thoughts would be welcome.
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