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Anyone know what caused the steep 30% sell off in Feb 2020. Previously I thought it was a profit warning but I can’t find anything at all to explain this. Profits fell substantially in 2019 as reported a couple of weeks later (reported 19th Feb). That doesn’t explain the previous drop though. Important given that if taken from early Feb this stock trades at a 45% discount as opposed to 20% (ignoring dilution which I think is around 10%).
Hi yrabs, yes it is, touched it again on one trade only today the other trades under a £.
Imagine it’s only a matter of time but as Peaks says, it’s only psychological, but I’d be happier when it’s back in three figures:-)
Maybe so but that’s always the way.. psychological barrier. Sellers at 97-99 range have been cleared out now
Martyn........that quid is being very stubborn......B
Spread is ridiculous. You have to be a proper mug to sell at the bottom of these mad spreads... plenty of people seem to fall into the trap.
Good to see some movement here. The large-ish spread earlier had me interested in what was going on.
Hopefully positive signs of a steady rise to come.
There she blows £1 on the bid
!
I am going to put my rooster on the block and say we are going to be above a grey hound next week lads and no slipping back this time, above a grey and holding before moving above £1.10
Good luck all
Thanks Peaks, yeah I checked that as well and noticed the spread was a lot tighter when doing dummy trades. My interactive investor account often displays a far lower price than you get when you actually dummy sell.
Hi Snakes. Looks like about 1.8% between buy and sell with dummy trades. It’s often pretty wide. Always seems to reduce around 3pm onwards. Before widening just before close.
Strangely high spread this morning, not sure why....
Just jumped up 7p and then drifted down over the next five minutes.
The late afternoon rally, is over again.
We seem to be looking fairly strong again, hopefully we keep pushing on and the steady rise continues.
Good luck all
Looks like I was mistaken!
Hoping to pick some up in the sale tomorrow
I need to take note of you both :-)
Welcome back Peaks, your buy sell timing is spot on! I'll have to take note next time :)
Good luck and hopefully we push on above £1 shortly
https://twitter.com/surprised_trade/status/1371867031071563782
back in at 86p , yesterdays drop was an unexpected opportunity :-)
I think it’s falling because oil is on the slide. Obvs they are moving away from oil but the recent rise in OP has been one of several tailwinds for the SP recently imho.
I’m back in for a small amount at 86. Will add more at 82 and 80 if necessary.
Then a trade at 85p showing as a buy for 1.3 million.
Now another one at 85p showing as a buy for 1.258 million
Let’s see if we get another holding RNS
Not sure what’s spooking the price today.
Trade just gone through at 85p for 1 million, displaying as a sell, beats me how they get these prices in those sizes.
Great to see The Welcome Trust increasing their holding from 3.05% to 4.0263%.
Also Liberum raising their price target from 100p to 110p.
It all helps.
Nothing in those results to worry me into selling.
Some of these shares we bought when they were way down, we won’t get another chance to buy at those levels again,( hopefully ), so I’m not in a hurry to sell just yet.
A small 5p divi in the future, would be a 10%+ yield on my buy in price.