15th-19th Jan 2018 (Abbreviated)

Alfacomp

28 January 2018

On Thursday the 18th an RNS was received describing the conversion of 250K of Convertible Bonds by Atlas into c. 3.1M shares at 8.12p. Not altogether earth shattering news, though some did speculate on how Atlas were able to judge the conversion point quite so effectively. I see no reason for conspiracy theories just yet.

Strong buying throughout the day. A 500K sell at 9:12 caused the Bid to pull back a notch but the subsequent buying forced it back up to 8.50p.

Volume 3.3M with 1.4M more Buys than Sells.

SP up more than 6% on the day to 8.75p from 8.24p. 

Strong buying throughout the day. Very tight spreads initially made analysis difficult but PI disclosures revealed that after 1PM it was actually possible to buy at the Bid price for a short period before it subsequently dropped.

Volume 2.6M with 1.4M more Buys than Sells.

SP up on the day to 8.76p.

 A slower start to the day with the Ask progressively falling. The Buy at 9:00 was not of a significant size but the excess of Buys grew steadily until just before 2pm when a 200K sell followed by a few more largish sells briefly knocked the balance of trades back. The End of day trading position reached about +450K before a 2x 250K pair of End of Day Trades (1 classed as a Sell, 1 as an inter-MM transfer) arrived.

Volume 2.4M with 188K more Buys than Sells.

SP down to 8.68p.

A slower day still - very little to comment on, the spread has widened again and analysis is very simple.

Volume 0.57M with 118K more Buys than Sells.

SP down to 8.6p.

A Bed-ISA pair at 9:39 briefly enlivened a very quiet morning. Buying continued at close to the Ask, with two Buys of 200K around 1:40pm pushing the balance of trades strongly positive. This was followed by another buy of 113,805 at 3:44pm, followed by the first of 2x1M End of Day Trade pair. This is interpreted as 1 Sell and and 1 Transfer as is recent custom.

Volume 2.65M with 531K fewer Buys than Sells.

SP down to 8.62p.

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