I think the trading update was more positive than expected and there has been no sign of a reduction or stopping of the dividends, so that is supporting the share, in spite of other FTSE250 shares suffering after Brexit. Perhaps the worst is now behind us? I still think it will be a long slog ahead but there doesn't seem any point getting out at the moment, particularly when I'm sitting on a large book loss, half of what I bought in at.
This stock has baffled me, for at least 6 weeks there have been far more Sells than Buys at end of day trading, not taking U/C trades into consideration, yet the price has risen from 1.35 to 1.63 today. I can't believe sentiment is the only factor involved here, perhaps the company is about to be broken up or even a take over, it is a mystery to me so perhaps someone out there has a more logical explanation.
Just a <wicked> thought: How many buy to open call options were sold by CitiGroup into yesterday's market rise on a day unmatched by increased volume, indeed volume was well below average? Also on days back to low at beginning April or even… Read More
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