RE: Psychology behind selling now?1 Jul 2020 16:23
yes, I think a few posts here yesterday showed that some PIs are not sure what the score is with holding and whether they can trade once moved to HK etc... so easy option is to sell... especially when the SP is being dragged down to fill that daft gap they opened.
With the gap filled I'd expect it to climb back up to at least the lower end of the offer price 10-13p range by the 7th.
"The global offering ("Global Offering") of the Company's shares will be made by way of a Hong Kong public offering and international placing with the price range for new shares set at HK$ 0.98 (approximately 10.3p) to HK$ 1.28 (approximately 13.4p), corresponding to an expected market capitalisation ranging from HK$ 540 million (approximately £56.7 million) to HK$ 705 million (approximately £74.0 million). The pricing of the Global Offering is expected to be set on or around 7 July 2020."