A recent aquisition for Intelliplus Group plc and new contracts for this company are coming in thick and fast. Result - share price is consistently heading north - Up 46% since 1/10. Perhaps one to quietly be a ten bagger over the next few months. DYOR

LOL

I'm looking to buy but the 7.75-8.25% spread is putting me off. Is it worth waiting for this to narrow? I too thought the large no of sells should have dropped the price....shome mishtake shurely?

thanks Bonfield,

what is really confusing me is that I was quoted 7.8p to sell and 7.92p to buy

this bears no resemblence to the current quoted spread of 7.75p-8.25p

seems to me the MMs want the mid price to be showing at 8p for some reason


yesterday EVO dropped their spread to 7p-8p which reduced the mid to 7.875p and raised their spread this morning to 7.25p-8.25p which got the mid back to 8p...


I'm sure EVO must have a reason for doing this I just can't fathom out why???

my broker is TDW, and they quoted 8.2, by the sound of it I can do a lot better. I saw one trade for 480 shares go through at 7.95 presumably a sell? last trade was 10k at 7.75, another sell, so will look to get a price closer to 8p or under if possible in next few days.

very interesting Bonfield

looks like the MMs are pretty undecided on what is the right price to sell stock to the punters...interesting that one punter paid 8.25p for 50,000 shares this morning

just before the close my broker(Charles Stanley) was offering stock at 7.92p

I can only assume that the trade at 7.95p was a buy and all the trades at 7.75p and 7.8p are sells

probably need to shop around for best price at the moment however the MMs do seem keen to sweep up shares at 7.75p from holders losing their nerve!

The trades at 7.95 today were buys. Plenty of sells though, doesn't seem to make sense. I bought some of these last week for 7.95 using Halifax, who I have to say are pretty useless. However, I had to get a quote approx 8 times at 8.20 before they offered them at 7.95 - so just keep pressing that button!

MMs are playing a very tight game today

can't buy even 1,000 shares at less than 8.15p and if you want 50,000 you need to pay full 8.25p

looks like something is getting ready to blow!

maybe not he's back on 7.92p to sellto punters!!!

all my quotes have been 8.2p with TDW, should I get another broker?

bonfield,

they are taking the piss now!

back up to 8.25p for buys of 1,000 shares or more

how can they justify a 5% increase in purchase price based on the trades today which have been mainly sells...

well with 120k shares changing hands (less than 10,000) the MMs haven't made alot of commission today, in fact it doesn't look as though they were really open for business at this trading level!

see what tomorrow brings...

right, in at 7.95, thx Mack for saving me a few quid, I'll be a lot more careful with spreads in future.

bonfield,

definitely one to watch closely

L2 information suggests that we are in a very tight trading range...quite a few of the MMs are taking in very small amounts of stock at 7.75p and then moving the spread back up to sell shares at 8.15p/8.25p

WINS on the other hand seems to be buying in at 7.75p and selling at 7.83p!!!

can only conclude that there aren't any large buy or sell orders at the moment.

probably no bad thing if it introduces some stability to share price and develops a floor which allows price to rise significantly as we get closer to the Interim results(they posted the results last year on 15th December - ECKs web site is suggesting the results will be out in November)...

somebody has snapped up 50,000 @ 7.83p!

just looked at the 12 month chart.this has taken a beating.alot of ramping earlier on in the year

directors options have been rebased at 7.88p which is good. They have some incentive now to get the shares moving.

well spotted Bonfield

this is brilliant news


if you look closely at the terms of the option agreement you will see that the option price can only be exercised if the share price is more than:-

7.88p x (15%+RPI) x (15% +RPI) x (15% +RPI)

assuming RPI averages at 2.75% for the next 3 yrs the share price needs to hit at least:-

13p

in addition eps has to be more than 1.5p per share....

it now makes perfect sense why the shares have been stuck at around 8p for the last two months!!!


time to top up I think!!!

definitely got a point there Mack!

why would the directors choose now to redefine terms of 'old' and 'out the money' options???

bearing in mind interims are out in November(ECK website hints at November but gives no specific date) why would the directors agree to accept a new option price unless they reckoned the newsflow in the run up and beyond the interims announcement would be anything other than positive???

looks like the directors are calling the bottom of the recent slide in ECK share price....looks like a vote of confidence in ECK going forward?

surprised there wasn't alot more buying on the back of this decision today!!!

Guru,

don't disagree, obviously the 'new options' must have a much better chance of being in the money within next 12 months than the ones they are giving up!

bearing in mind the terms attaching to the exercise price it does look like the directors are also of the opinion that the shares are worth alot more than they are currently trading at...

I also take your point about the timing of the RNS disclosure...it is potentially only 4/6 weeks until we get a trading update, which probably will be in line with expectations or better, so it is more than likely that the share price will begin to drift upwards?

have a good weekend, be lucky!

horrible day for ECK!

I'm expecting to see some large T trade sells to appear after the close today to explain the fall because I can't believe that 15k of share sells can have such a major negative impact on the share price!!

1p spread suggests that level 2 must be looking like 6 v 6

yes not a good day Mack!

checked the buy/sell spread just before the close and I could buy 100,000 shares at 7.34p...makes me think that the trade for 80,000 shares late in the day was actually a buy...

not sure if this is a MM treeshake but it is strange that all the MMs are currently on 7p-8p spread which doesn't exactly encourage buying!!!

no sign of any late large sells so it maybe MM games...

just checked trading volumes for the last three sessions and if you ignore a 150k rollover we seem to be averaging 300,000 shares or c.25k a day...

potentially a massive buying opportunity at these levels bearing in mind the enterprise value of this company is now less than 10m or 3.75p a share, thats right 50% of current 7.5p mid price is cash covered!!!