The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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No idea, but patience will be rewarded here, and these prices will look comical once common sense prevails and the true value of the company is realised.
Was just thinking along these lines. Perhaps there is a buyer circling & waiting for definitive confirmation that all Caesars/Eldorado commission be approved and then move? The share price is being suppressed in some instance, you never know who’s got the pull. WH has made strong indications on performance, why has that not shown through? Ulrik remained coy on the takeover question in interview last week?
Takeover bid by end of the month! £3+
Is this share price manipulation wanting people to sell shares at these low levels?
I know that may sound like some crazy statement but how many of us and thousands more made loads of money from WMH shares on the rise up from 28p to 163p? For all of us who made nice profits someone made losses, which would be the market makers who offer a share price every second of the day. If they wanted to recover losses they would want to make money from all those buying at 115p+ and selling out now thinking they’ve made a mistake buying in and to cut their losses. Once they’ve got the sells they want they will then correct the share price.
Is that what is happening or do they actually value WMH at this share price now? If they do, why do they now value the company £1bn less now than in Feb when £2 a share? If they believe that £1.15 is a true share price then why did they value the share at £1.63 just 6 weeks ago?
Even good news does not make the share price rise now. Last week after the Eldorado Caesers merger the board approving the merger congratulated WMH for this success. But the next day WMH share price fell. When you look at GVC, FLTR and 888 they are all back to pre Covid levels but not WMH.
So serious question, are we seeing share price manipulation by the market makers here to recover losses they made from taking the share price down so far back in March or is this actually what they believe WMH is worth now?