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Then how many more shares bought below 5p is still in circulation? Probably a few only
If the existing top holders are not selling at those low levels when we can say that today only up 30% shares changed hands. I think it is fair to assume that as there is no hint on the top holders reducing their stake.
there are 45M shares traded today, 21M buy and 24 M sale according to ADVFN. About 15% of the free float shares changed hands today.
99% APR is a cash cow business and I strongly believe the share is already on the radars. But TR1 will rather come from some deal made between current holders and a potential buyer, because as the current holders are not reducing in the open market (no recent rns about that), there is only approx 150M (50%) tradable shares. Good news for us is that a lot of those 150m already changed hands which bodes well for the next sessions. If it goes lower, would say new entrants will be taking them quickly.
Mariog
It’s the relative price rather than the move that’s significant
NSF offer price now is 2.5 x what it was on 15 Feb and AMGO about the same multiple- just so happens NSF came up from 3 and AMGO from 7 to 7.7 and 16.5 respectively
There are more AMGO shares in issue at 480m v 330m but that doesn’t really matter as it’s float that determines movement on buying or selling but for what it’s worth I’m a big fan of NSF ans would love to see it back at 60p
Maybe/hopefully we will get some sort of clarification this week and found out who been buying NSF
You need to understand that JPM a huge US investment bank has bought over 6% of Amigo in the last few weeks. Also last week the directors bought into Amigo again. That has not been stated on NSF (yet :-) )
NSF need to do a big raise to finance themselves according to the RNS
Thats why I think there is a bigger gap in the SP
A few days ago difference in SP was 3.5p. Today Amigo is almost 11p higher. Real rerate just must kick in here too!