BPC (Bahamas Petroleum) - Shares not buying?


Just trying to buy some shares in BPC. I can see its traded on SETSqx which normally means I have to wait for the uncrossing auction (8am, 9am, 11am, 2pm) for the trades to go through.

However, I placed a trade last night and this morning it was cancelled (insufficient funds - doh) and so I replaced the order with additional funds. 9am has come and gone and the trade hasn’t gone through. Is this similar to the problem before where the high volumes has meant the LSE have stopped our trading of that share or something?

Thanks in advance for any help and advice.

It will be the opposite - low volume has stopped trading.


Thanks Donald,

Is that an isolated problem on T212 or is that just because there isn’t enough share volume in general (i.e. not enough people willing to part with their shares?!)

@David, you have talked about off-book trades in the past. Is that something that T212 has the capacity to do at the moment or are all trades strictly on-book through the SETS/SETSqx?

No everyone is trading on the same system. Essentially grouping trades together to make a successful trade.

However even grouping together isn’t enough sometimes.

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Thanks Don. Was wondering if T212 has off-book trading as well. This company has enjoyed a big rise in SP over the past few days and was hoping there would be a bit more volume (especially those top-slicing). Looks like I’m going to have to wait and potentially pony up a bit more to buy-in.