The UT Trade

Wednesday, Feb 27 2019 by

Shorly after the end of trading each day there's a UT trade that goes through the market. From what I understand this is a kind of balancing trade and mops up unfilled buy and sell orders with a sort of auction process.

But what I'm wondering and what I hope some much more knowledgeable people on here will be able to tell me is - can we take anything from this UT trade?

One of the shares I'm following is Card Factory (LON:CARD) which I bought recently following a trading update where the share price fell much more than I felt was warranted. I bought a reasonable amount (a) for what I thought was a decent entry price and (b) for what I felt was a fairly safe and decent dividend.

So, I've had a decent bounce but is the UT trade telling me anything? Today, for instance, the SP had been up a little with not much volume but then the UT trade goes through a fair bit higher than the share had been trading at and with over 55% of the day's total volume.

Does it mean anything?

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Card Factory plc is a specialist retailer of greeting cards, dressings and gifts. The Company operates through two segments: Card Factory and Getting Personal. The Card Factory segment retails greeting cards, dressing and gifts in the United Kingdom through a network of stores. The Getting Personal segment is an online retailer of personalized cards and gifts. Its physical store network operates in three areas: single cards, non-card items and Christmas box cards. Its single cards include individual cards for everyday occasions, such as birthdays, anniversaries, weddings, thank you, get well soon, good luck, congratulations, sympathy and new baby cards, and seasonal occasions, such as Christmas, Mother's Day, Father's Day, Valentine's Day, Easter, thank you teacher, graduation and exam congratulations. Its non-card offerings include gift dressings, small gifts, party products and other non-card products. The Company operates through a chain of approximately 800 Card Factory stores. more »

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  Is LON:CARD fundamentally strong or weak? Find out More »

1 Post on this Thread show/hide all

JohnWigg 27th Feb 1 of 1

From my experience the UT trade at session end isn't much of a guide to the next day's opening price, especially if it deviates a lot from nearby trades. I tend to ignore it.

However, I understand that the UT price determines the official closing price for the day. This is important for whenever a company issues a statement including that price, eg. for a rights issue, etc. It also determines the daily valuation of unit trusts and investment trusts

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