hmmmmm, page-2

The bots are certainly all over WHG. WHG has enough illiquidity issues without this nonsense too.

If you look at the day's volume chart for today, there was absolutely no volume all day but for two very large trades of roughly 100,000 shares.

So, a buyer has essentially bought in one big hit without waiting for a favourable/willing seller at a more competitive offer price. The share hasn't got great liquidity if you're trading over $25,000 or so shares so these big trades obviously went right through the market depth like a dose of salts so the price which gets recorded for the individual trades statistics/graphs is the last (highest) purchase price which has been pushed down to in the overall trade.

Illiquid shares and big trades together just end up in abnormal price changes like today. As they can't be relied upon, don't bank on them too much. WHG has some rather serious issues to address still, not to mention having to comply with the new Financial Advice reforms effective 1 July 2013.

WHG has been resorting to some apparently desperate acts, like its struggle to merge and its pending name change. It will be interesting to track their performance in terms of upcoming profitability. Further downgrades would unfortunately be tragic for the depressed but recovering share price. There may not be other interested parties in terms of another bid because accounting firms trade on a much lower profit multiple than financial firms.