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These blips don't come around very often - Just loaded up on a 10% drop that makes absolutely no sense given the trading statement.
I can only imagine people have got jittery with the inside selling. They own a significant amount of shares which in itself is a good thing. I'd expect them to sell and go on selling after a decent rise in sp. As long as they still hold a lot that what counts and they do.
Https://www.londonstockexchange.com/news-article/NET/exercise-of-options-director-pdmr-dealing-and-tvr/15756882
".. Mr. Bang's shareholding has increased to 6,577,271 Ordinary Shares …. representing 4.16 per cent. of the issued share capital … and Mr. Ormondroyd's shareholding has increased to 2,721,705 Ordinary Shares … representing 1.72 per cent. of the issued share capital …"
Hold on, and BTW - Have a read of their update from this morning:
https://polaris.brighterir.com/public/netcall/news/rns/story/ryj8v7r
Additional revenue from a contract extension.
I have also top-upped but still no sign of recovery.☹️☹️
Makes absolutely no sense - hold and wait.
£0.91 could be the bottom very unusual drop on such a strong RNS
Https://www.londonstockexchange.com/news-article/NET/exercise-of-options-director-pdmr-dealing-and-tvr/15756882
".. Mr. Bang's shareholding has increased to 6,577,271 Ordinary Shares …. representing 4.16 per cent. of the issued share capital … and Mr. Ormondroyd's shareholding has increased to 2,721,705 Ordinary Shares … representing 1.72 per cent. of the issued share capital
Yep, that's 7 month old news. More relevant is the delayed £175k sell from yesterday which may explain the drop today. I've put a limit order in at 90p though I don't think I'll get it
Are we any the wiser?
Do we know what prompted the falls yesterday and today?
The one year target estimate as shown on Yahoo financials is £1.35.
And the last paragraph of page 15 at the Netcall plc Annual Report and Accounts for the year ended 30 June 2022 - https://www.netcall.com/wp-content/uploads/2020/11/31384-Netcall-AR-2022-web-ready.pdf , gives you an idea of where this stock should be trading at, especially after yesterday's trading update from Mr Bang.
I believe we have a background seller(s). There were many 5k and 10k trades all day. Plus a 175k trade yesterday just after the market closed. Therefore the dealers have no choice but to lower the SP.
Thanks for that, and understood,
Don't know if those sellers are objective or reactive,
But why do you think these sellers would 'sell' off the back of the trading statement last Thursday from Mr Bang, which was positive, and 'good' news?
Yes, the report seemed positive but still, someone is selling the shares. I have no idea why.
Added more at these levels this drop is crazy. Expecting a bounce from here buyers coming back
Unfortunately I thought £1.01 was the entry point, and had used up my funds on Thursday!
Today's drops felt like a slow-mo catastrophe, and still do.
Anyway:
'In for a penny, in for a £'.
Can anyone make sense of this? Seems a little dodgy that there were director sales just before this big drop.
25% 7 day drop on no bad news? In fact good news. The RNS was positive. WTF?
Yes, it's confusing why there should be any drop, let alone the massive drop after very good news.
Did you anyone or any analyst, read the trading update at - https://polaris.brighterir.com/public/netcall/news/rns/story/ryj8v7r
The big contract win from last year has been expanded, and extended.
This has massive revenue implications for the next years.
Add into this the importance of the digitalisation agenda facing every:
SME, FTSE 500, 250 and 100 organisation,
and
most if not all of the public sector.
The mind boggles!
What director sells?
Exactly - there weren't any, were there?
It may be Lion Trust reducing some of thier holding they sold 1% back in May.
Looks like this stock has vertigo!