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In part also due the handling of the company by Adrian Biles. I have written again to investor relations to comment on why they think it’s appropriate that Adrian keeps his recent bonus in light of how he has destroyed the SP. it should be clawed back. It’s really shocking !!!!!!
Part of the reason of why the drop has / is occurring MAY lie in the following comment made on the ADVFN Board..
40 Fathoms 9 Dec '21 -
I am not sure the volume was so large yesterday. But nevertheless we know that Allianz are in the process of finishing their sell down. They ended the 3rd quarter with 4,000,000 shares and are last reported at 752,500 shares. They have been responsible for a significant part of the recent pressure on the shareprice, but another week or so and they should be done.
You only have to look at the buy v sell trades to know it’s been manipulated
Yep looks like that way- real manipulation in an illiquid market I think.
I agree, I think it is a massive tree shake. bloody painful but They ain't having my shares.
Geez, the market is not liking this share. Could it return to the 20's?
"Maybe sentiment would return if a clawback on Biles 500k bonus took place and reviewed in future against SP performance"
You are free to propose this for the next AGM and see how it is voted on.
Maybe sentiment would return if a clawback on Biles 500k bonus took place and reviewed in future against SP performance
The price drop is uncomfortable. That's an understatement!
However, it seems to me that the performance of the company in the first quarter and the second quarter, puts it in a stronger place than it was a year ago. So the fundamentals are positive, but it is shareholder sentiment that has dropped, for several reasons, and so there are many more sellers than buyers at the moment.
I believe that over the next year, a positive financial performance will change the balance of sentiment, and the share price should rise.
Given where we are now and what has recently happened, I would prefer the take over of Arden to be dropped. I would expect that a significant number of both Ince and Arden shareholders would feel the same way. If this action is taken then, a large cloud of smoke would be cleared and I would expect the Ince share price to pick up more quickly after presentation of the first 6 months results.
I'll revisit at 30p.
Other than that, I need to see improved fundamentals before adding any more.
This drop is clearly not just the wider market correction as it's a clear continuation of selling volume that started just before the suspension.
I think we would have been here with the market correction we have seen in many shares over the last month (disregarding the Arden deal). I'm not losing faith added a few more at 41.4p