craig 5,195 Posted September 10, 2014 Share Posted September 10, 2014 Recent events have given the share price a bit of hammering. A drop of 2p might not seem like much, but it is when the price is so low and 8% is almost as bad as the impact from the LSE announcement of Wallace's 'Business Review and Strategic Plan Update' which caused the share price to drop by well over 11%. Too simplistic a view Zappa. What also needs to be taken into account is the fact that the Rangers shares are very thinly traded, so each trade will have an effect on share price which can be sizeable. If someone is keen to sell as they need liquidity or just want out, dropping their asking price by 2p isn't much, though it looks a whole lot more when you see 26p share price.... but the reality is that the shares are too thinly traded for that to be the "normal" share price. Not explaining very well, but when shares aren't traded thousands of times a day it is difficult to get a proper trend of the price. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 10, 2014 Share Posted September 10, 2014 Would they buy at 23p/24p when they can buy at 20p in the fire sale? Someone who wants to make money on a personal investment wouldn't do so, but someone who's asked to purchase shares for a specific reason obviously would, especially if it's not technically their own money being spent on the shares. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted September 10, 2014 Share Posted September 10, 2014 Someone who wants to make money on a personal investment wouldn't do so, but someone who's asked to purchase shares for a specific reason obviously would, especially if it's not technically their own money being spent on the shares. Ooh er! 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 10, 2014 Share Posted September 10, 2014 Too simplistic a view Zappa. What also needs to be taken into account is the fact that the Rangers shares are very thinly traded, so each trade will have an effect on share price which can be sizeable. If someone is keen to sell as they need liquidity or just want out, dropping their asking price by 2p isn't much, though it looks a whole lot more when you see 26p share price.... but the reality is that the shares are too thinly traded for that to be the "normal" share price. Not explaining very well, but when shares aren't traded thousands of times a day it is difficult to get a proper trend of the price. Completely understand you mate, so you must have explained it well enough! Regarding a 'proper trend of the price', here's a chart which shows the whole shooting match: 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted September 10, 2014 Share Posted September 10, 2014 Completely understand you mate, so you must have explained it well enough! Regarding a 'proper trend of the price', here's a chart which shows the whole shooting match: Now, even I can read that trend! 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted September 11, 2014 Share Posted September 11, 2014 Another 1% drop today, but as Zappa predicted, a good few shares were picked up. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted September 11, 2014 Share Posted September 11, 2014 Another 1% drop today, but as Zappa predicted, a good few shares were picked up. 4 buys albeit on thin volume of less than 45k and yet the price contracts doesn't inspire much confidence. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted September 11, 2014 Share Posted September 11, 2014 4 buys albeit on thin volume of less than 45k and yet the price contracts doesn't inspire much confidence. Will the board be announcing the uptake on the share issue tomorrow? 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,258 Posted September 11, 2014 Share Posted September 11, 2014 Will the board be announcing the uptake on the share issue tomorrow? What sort of news will you be hoping for? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted September 11, 2014 Share Posted September 11, 2014 Will the board be announcing the uptake on the share issue tomorrow? It should be. 0 Quote Link to post Share on other sites More sharing options...
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