1.9m options granted to executive directors with exercise price of 1p. Ridiculous! What are the non-execs playing at? The CEO already has 17m shares. Is he really going to be more incentivised as a result of options over another 800,000 shares?
The market is always disappointed with the results, no matter how good they are. I suspect there will be a small drop followed by a continued increase. Brokers are still expecting £3.40 and I see no reason why this can't be met this year.
Looking back over a few years, this share always does well leading up to results, then drops by as much as 20% once the results are out, no matter how good they are. If I was thinking of getting out, I would hope it would be back over 300p a couple of days before the results are due. If I was intending to hold longer term, I wouldn't worry about the post-results dip, as long as the results themselves are good, and point he way to a promising future.
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