British Biotech 100,000,000 Trade???

[dabrom]

Can anyone explain what the 100million trade was at 16:27 today.It was for less than the Bid but the price hardly moved.Will it plummet tomorrow?

Dab

 

[waldorf]

According to ADVFN it was an N trade, meaning an unprotected portfolio or a fully disclosed portfolio transaction, whatever that is ?? don't know whether a buy or a sell though. A hell of a trade, could it be a bid coming?

Col

 

[dabrom]

There was another 'N' trade for 10,000,000 at 6 O'clock this morning ...again not moving the price.
????????
Dab

 

[Skimbleshanks]

I believe that N trades are something to do with institutions and taxation - ie they are usually very large trades, and lots take place before the end of the tax year. I think they're a bit like a roll over, and therefore they are unlikely to have too much of an effect on the price.