I think it is a method of locking in existing shareholders (they are offered a terrible price to exit) and discouraging buyers (or making buyers pay top dollar). I think you only do this when there is great uncertainty and you don't know which way the price is going to go on the next major piece of news from the company.
It's interesting to see that (if I remember correctly) over the last day both the bid and ask prices have increased, yet the "Change" shows a drop of almost 5%. I see this as due to the spread increasing, and the " stated share price dropping within this spread. Is this manipulation, or just circumstance? Or just a tree shake?
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.