The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Potential Watkin Jones Plc (LON:WJG) shareholders may wish to note that the Independent Non-Executive Chairman, Alan Clifford Giddins, recently bought UK£194k worth of stock, paying UK£0.47 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 226%, potentially signalling some real optimism.
Short increase on the 19th July was the shorts trying to hold down the price so they could clear their bigger shorts positions already in play.
1.5% short position live before the 19th, share price had been rising prior to this, shorts use the current moment to clear position.
Expect the shorts have over played their hand, rise yesterday shows price can quickly recover back to natural price, shorts working overtime to buy up any available shares, so now is a race between them, and funds to buy as much as possible before this gets to the 60's!
Strange that Citadel increased their short position on 19th July and then reduced it on 21st July, just 2 days later.
Not something I've ever seen before.
Will be interesting to see whether they reduce further in coming days.
On track to be back in the 60's this week.
lots of buying pressure, seems like the drop has been something a few have been waiting for,
expect that all these cheap shares will be erat up fast and price consolidated back up in the 60's
company setting up for a good H2 2023 and great 2024
Can someone please explain how Jefferies gets away with a price downgrade followed by an upgrade. Blatant bull should never be allowed lol
Calling it 60s this week, lets see
IMO
Broke through 50, now getting ready for the rerate back to the 60's
Spiked at 50.6p then dropped back down
HH, how much more are you up vs your tenner from earlier?
Could see some great after hours and before open trading with a pop in price back to the mid 55'swith a path to the 60's fast
Yep, hopefully this is 50p plus before CoP
Looks like there is someone that wants to buy some big chunks.
and the shorts have overplayed their hand and trying to buy up as much as possible before it get back to the 60-70 range.
This share is gong to move very fast now.
Suddenly gone very volatile .
Spread 46.5 sell 49.5 buy
Moments later 48. 2 sell 48.8 buy.
Now 48.9 sell 49.25 buy
Good sign of upward pressure on SP
Some big buys hitting now
£100K 2 X £50k and all at 49.5 or more.
Shorts possibly closing out.
50p likely by COP.
Reading the ticket tape appears to me no more sells, and the autos have now set themselves up in the 50's ready for buying.
Once this goes past 50's it will rally fast to 60's as shorts try to buy up before the price gets back to their short adds on the 19th.
Also would expect at these "cheap" prices a few of the major holders would top up to average down, so could see a couple of funds increase their holdings this week.
overall consolidation of share holding will help to take this back to the natural position in the 60's-70's region
48p gone and 49p in quick succession
Looks like the MM keep holding it down, but there are more buying pressure, and it keeps popping.
soon as 50 breached this will rocket with autos and people looking to get in before it levels back to the 70's.
increase amount of profit that can be made on this from here .
Seems that every time the SP goes over 48p automatic sell trades kick in to bring back under.
Have a feeling this will be the case all day. Once this is well and truly broken we will get back to the 50's plus, but needs some big buys to push through this barrier.
Can see this at 60p plus by Friday
Getting ready to pop and breakthrough the 50's and back to the 60's fast.
Based on their revenue, cash in hand, and newly signed contracts for the next 5 years (£1b).
the MCAP should be at a minimum of £300m, which is about117 a share, so a potential to make like 120% profit from here.
I've been tracking this since the initial 200p drop, glad I held off however the momentum is building up now.
Sold my Ceres power Friday for this, seems for once I made a good call!
Hopefully we break 48p soon and this raises to the 50/60s.
DYOR, GLA bla bla
Company is in profit with cash in the bank, and an amazing pipeline of over £1b.
seems like the market swings are providing some great opportunities to make lots of profit.
Jefferies been using their dartboard again for targets
Well put, I see significant upside from todays prices.