Aim stock buy price discrepancy

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1

Talking about Hornby Plc.
Set it last night to buy a few shares (purely because it’s my name :slight_smile:)

Last night price 66p, immediately up to 70, down to 66 at 8:10am then 68.
Remained 68 from 8:35 to present at 9:15.

Buy was executed at 9am exactly at a price of 70, despite price at time being 68.

Is there a reason it’s belatedly bought at the 8-8:05 price?

Only £10 bought for fun so it’s not an issue but if it was more value it would be - it’s auto down 7% immediately with sell price of 65 below the current 68 price.

Thanks

2

Stock prices are only indicators of the stock’s value, it’s the last price paid. On these low liquidity LSE AIM stocks, the price you pay could vary greatly. And with a wide spread you’re going to lose a good bit of money immediately anyway.
If you want a certain price, you should use limit order to say the maximum you’re willing to pay

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