Very sad to see the fall today - investors are getting out with whatever they can. Is this the beginning of the end, surely not. If only PINN had accepted the offer from Coms, then it might have been a very different outcome indeed. Next best thing is to invest in Coms!
for a statement of some sort - Hargreaves seemed to double their stake on 20/3 last rns was 27/3 when the price was 13.5 - at 9.5 today representing a fair old drop.... what about a q1 trading statement....
On the surface look like a company that loves investors to fill the coffers and then abandons them - would imagine the will need more money soon - at least the likes of Hargreaves will have the opportunity to reduce their average.
11.00 -1.25 (-10.20%) Real-time: 10:50am BST LON real-time data - Disclaimer Currency in GBX unless noted Range 11.00 - 11.75 52 week 8.50 - 27.80 Open 12.25 Vol / Avg. 36,214.00/28,183.00 Mkt cap 4.11M*
There is a continued drip feed of sales into continuing weakness. For the record, the market cap has almost halved since a 21p/share prospective offer was tabled and rebuffed by the then Board. Now the new Board has not issued any trading update or news regarding significant contract gains, but by the same token, they have not said that they have lost further contracts. It is clearly business as usual here !
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