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My exact thoughts shearclass
I think what's more notable today is the buying volume excluding the buyback, there is clearly a big buyer in the market hoovering up more shares than the company can...
Looks like they will need to up the target price from 47p if they want to start cancelling meaningful amounts of shares.
Looks like theres gonna be a 7pm RNS every evening.
RNS .The latest company shares purchasing.
Thanks for the auction update - really appreciate this kind of news.
Closing auction again interesting. A seller showed their hand early doors with 200k on the ask, this was matched pretty quickly with a 200k buy order at 50p, buys vs sells was about 2v1, with some 400k of buys left on the book at uncrossing. Again, it's easy to be bullish here just due to the fact that they could buy back 53m shares at these levels and the top 4 holders of >16m shares have held since the IPO at £4... Look forward to seeing how many they have bought back when the RNS lands later.
Numis just cleverly buying what they can buys showing as sells offering higher bid is a clue
Heavy back back underway. Who would be a seller here now. Answer...very few.
75,000 delayed buy just printed. Held back for 1 hour
My hunch but the 49200 and 100 000 are buybacks ? freefloat will be long gone as they have £25million of buybacks to carry out.
Hopefully thats another buy back just popped
Liquidity is evaporating. Big up.
I am interested to see how many shares they have purchased today for cancellation . deploying £25m will def take the liquidity out of the market.
Nothing is a one-way bet but this does look very promising
The buy backs should add at least 10p a week depending on the quantity/volume they ingather. Now over 50p to buy a half decent size.
All the right ingredients for a multi bagger here. Cash at bank in hand higher than market cap. £25m Buyback. US business about to be sold allowing for further buy backs. UK business booming. Its an easy hold while the brokers buy in the shares at higher levels each day. £1.75 is my target by end May
Reminds me of yu.l beaten down to 50p
Easy money. Targeting 1.30 to let some go.
Corrected version, apologies:
What we are witnessing is the start of a rerate, market has to wake up at some time and we can see why management have instigated a £25m buyback programme as shares will be snapped up as quickly as possible leaving little free float. Can't ignore that the current mkt cap barely reflects cash and ignores the underlying business value here, including the rapid growth in Flexipay and the impending sale of US business in pipeline
What we are witnessing is the start of a rerate, market has to wake up at some time and who can see why management have instigated a £30m buyback programme as shares will be snapped up as quickly as possible leaving little free float. Can't ignore that mkt cap barely reflects cash and ignores the business value here, including the rapid growth in Flexipay and sale of US business in pipeline
Indeed. Shares were trading at 70p in Feb 2023 during what was a far more uncertain economic environment, without any flexipay growth, without the genuine prospect of profitability post US exit & without a £25m buyback. It's just far too cheap down here.
Buy, hold, bag up
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The buy back now offers a floor for the share price with daily rising steps . £25m to be deployed buying back and they’ve pulled the trigger. Under the radar this stock.