Because people are not patient it has not shot up in the last hour,but hopefully when people realise the value of the contract and the prospect of the company they will be back,it like a sheep mentality once one person sells everyone starts selling.
Optare shares rocket on electric bus contract win Fri, 12th Apr 2013 08:09 Shares in bus operating company Optare rose sharply on Friday after the AIM-listed company reported that it had received an order from Nottingham City Council to purchase 20 electric buses, for a total value of more than four million pounds.
The group said that the contract represented one of the largest orders for electric buses placed in the UK and allowed Nottingham City Council to take the lead in the introduction of the advanced technology.
Optare's shares were up 23.88% to 0.42p at 08:20 on Friday.
Optare is pleased to announce that it has received an order from Nottingham City Council to purchase 20 electric buses, for a total value of more than £4 million. The purchase further enhances Optare's position as one of Europe's leading manufacturers of full-size, commercially viable battery-powered electric buses. This contract sees one of the largest orders for electric buses placed in the UK and allows Nottingham City Council to take the lead in the introduction of this advanced technology, enabling a quieter, smoother and emissions-free travelling experience for passengers, with what is thought will be the largest EV bus fleet in Europe.
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