RE: Perhaps this explains the poor reaction1 Feb 2023 12:46
Deliberately kept away from this for a few days and it's helped me see things clearly.
2 things are obvious:
Firstly, it's obvious the seller is still selling and until they're done they will kill momentum. If demand for the seller's shares dries up as a result of traders losing interest then it will probably slip back where traders will buy it up again, rinse and repeat. But until the supply from Killik and whoever else is selling ends, it's going nowhere.
Secondly I think punters just need to come to terms with the reality of the FSS contract. They say £700 to £800m is coming their way and it is, but not for a long time. In the meantime the revenue from this will not be earth shattering and so it will have little impact on profit for several years. It's true the investment in infrastructure will help and maybe they'll secure other contracts too. But the FSS news is not going to help anymore in the short term. For traders it's been milked and investors will wait a year or two to invest. The next spike will probably be around May with the IM hearing, unless they surprise us with other contracts. But AIM is all about trading momentum and there's simply none left, largely thanks to the seller.
I still hold some and will just leave them alone. But for those on here who have been willing this up to 50p and beyond every day since the preferred bidder announcement, maybe it's time to take a break and accept the reality.
Aimho, dyor, etc...