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UK AIM and NEX Markets

Discussion in 'International Markets' started by noirua, Nov 30, 2019.

sentifi.com

Aussie Stock Forum Sentifi Top themes and market attention on:

  1. noirua

    noirua

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    AIM
    https://www.londonstockexchange.com/companies-and-advisors/aim/aim/aim.htm

    AIM'S REGULATORY LANDSCAPE
    https://www.londonstockexchange.com.../regulatory-landscape/regulatorylandscape.htm

    The AIM market trading is conducted by Market Makers MMs. Even though a bid and offer price is stated it may not be at or near that quoted by the MMs. At times it is easy to be caught out by clicking too soon and accepting an offer. Market spreads vary enormously from 0.1% to 33% and in some shares they can vary from minute to minute.

    Most trades are done at market quote by MMs although you can trade by Limit Order or Fill or Kill. Limit Orders may be carried out at or better than the requested price. Fill or Kill is a price requested of the MMs that in theory should be accepted or rejected by them immediately - in practice there can be delays of considerable length and the position can't be cancelled. Sometimes no automated price is given and you can click to get the best price available - once clicked it cant be cancelled and trades may queue to be dealt with as the prices rises or falls.

    The fastest losses and profits are made in the micro-caps which are subject to manipulation when large trades go through. The MMs can delay publication of the trade from 1 hour and usually up to 3 hours. On occasions by more than 1 day. You can see that if most trades are 1,000 to 10,000 shares and one goes through for 300,000 shares the price can flip without warning. Some shares are quoted at very low prices indeed, maybe 0.015p 0.0285c.

    The NEX market is a secondary market to AIM. Some companies are quoted on AIM and NEX or just on NEX. The regulations are far less and trading is done by telephone only. Some shares have an additional NEX quote and seem not to be listed for some reason, so there are many more market participants than it seems.
    https://www.nexexchange.com/

    Some companies are quoted on ASX and AIM and often one market or the other controls the share. As the ASX has a minimum price of 0.1c with minimum movements of 0.1c and AIM has no minimum a tussle can take place.

    Caveat emptor.
     
    Last edited: Nov 30, 2019
  2. noirua

    noirua

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    On AIM there are no Trading Halts as on the ASX. These halts are often for capital raising or the results of a mining companies activities etc., on AIM there in no warning at all and even though the majority of announcements RNSs are made before trading starts on the day, very many are not. Directors often make decisions concerning investments without notifying the market at all. Sometimes a few investors find out, so it seems, leaving the rest of the market unaware.

    At times shares will be in Trading Halt or Suspension on ASX: Whilst the AIM market carries on trading away merrily. Institutional investors can easily transfer investments from ASX to AIM but ordinary investors usually do not have that capability or at least can't do it at speed. Institutional investors or those of high net worth, can trade forward and supply shares later. Sometimes trades are completed in house by a broker and reported to the market immediately or later.

    Occasionally trades UT are announced that become the market price.
    At the closing of the auction the bids/offers are frozen and an attempt is made to match as many shares to be sold against shares to be bought - the result of this is what is known as the 'Uncrossing Trade' (UT).

    In some shares there is AT trading that is done at bid or offer quotation. These quotations may be done at the normal 'O' spread trading quotations or sometimes a separate quotation. This trading is not liked by MMs and in some shares efforts are made to discourage it.

    A few companies also trade simultaneously in the Republic of Ireland or are principally in Ireland and under Irish regulations. These shares charge stamp duty at 1% even though there is no stamp duty on other shares on AIM. A few companies trade simultaneously in Germany, France or South Africa.
     
  3. noirua

    noirua

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  4. noirua

    noirua

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    Moving on. An AIM/NEX microcap that is a good start as it shows risk to reward and all the goings on of a Chairman/CEO who does his own thing and shareholders just have to put up with it as he carries on regardless. Priced at 0.425p 0.8075c and might eventually be worth zero or maybe 30 times its present price. Basically, mega-high-risk and you pays your money and takes your chance. Past losses are at GBP36 million that could be used against future profits to save tax. The company's market cap is £2.85m AUD5.41m at 0.425p a share.

    Some videos to start off with that come over just great. Not forgetting losses on a Greenland punt and Steelmin currently in administration as the directors put in GBP1.1m not long before it collapsed. On the other hand they hold shares in Jupiter Mines ASX:JMS worth GBP2.6m AUD5m and royalties in El Limon worth USD2.95m. Cash is low at around GBP300K AUD570K and GBP1.1m AUD2.09m CLNs come up for repayment or flipped for another year on 19 December 2019.

    Possible upside is their Musonoi copper tenement in DRC positioned between Glencore's two tenements. See the videos below. Also their Mid Migori, Kenya tenement is close to getting a mining license with a gold JORC resource of 1.2m ounces at 1.2g per tonne and 620K ounces in tailing at 1.7g per tonne.

    Listen to the videos and come up with your own conclusion.


    General October 2019 DRC and Kenya


    DRC February 2019


    DRC March 2019

    Company website: http://www.rrrplc.com
    Twitter: Twitter: https://twitter.com/RRR_RedRock
     
    Last edited: Dec 1, 2019
  5. noirua

    noirua

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  6. noirua

    noirua

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    AIM markets are particularly influenced by very many thousands of Twitter accounts. Often referred to as AIM madness. Most tweets are inherently biased as tweeters hold the shares. Many of those on AIM Twitter accounts are company directors.
    Above does not apply to VOX Markets and less so with Justin Waite, both include Podcasts.

    Vox Markets
    https://twitter.com/VOXmarkets


    Vox Markets Podcast
    https://twitter.com/VoxPodcast

    Justin Waite
    https://twitter.com/SharePickers
    ---
    TOP AIM STOCKS
    https://twitter.com/smallcappick?lang=en

    Topinfo
    https://twitter.com/TopTradersADVFN

    Doc Holiday ©
    https://twitter.com/DDS_DocHoliday
     
    Last edited: Dec 7, 2019
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