RE: Strong Finish19 Jun 2022 06:49
eegaisie204...also remember, u may have to wait alot longer to get to your average. The reason why that is i shall explain...if and when trading statement is out, one thing that sits on the balance sheet is debt levels at a high level...on the last statement, the share price got punished as debt was unchanged....even when the company showed comparison to 2020 to 2021 where debt dropped to around 880m..the share price moved to 25ish on open to finish 10% down to 22 - 23p on the same day... . Also on RWC purchase, just because one instution bought doesnt mean results are going to be amazing...i mean other instituition have bought at higher price, thinking itll go higher but are sat at roughly 50% loss..people bought in for the same reason because they saw institution buying in...in terms of short tracker. We can't say categorically Marshall and Wallace is out simply because shorts are only declared above 0.5%..so I think that statement could be a lie however I do think, there is short running in the back ground....and the final point.. bloomberg terminal sent showed, some institution buying but also other instutition selling too..hence why the share price is where it is.. I think aviva is one of the instituition selling..the other smaller instituition that's buying I think could be trading it too... one final point, they were expected to renew I think 3 out of 5 contracts by HY1..they've managed 2 which were aware off but what happen to the other 3 and were near the end of the month...one final point..when sentiment is negative and there's talks of recession...Any good news usually has less effect on share price imv..I have always been saying, smart money is leaving the market nd has accelerated in the past few weeks... high debt, higher interest rates, higher wage demands, worker shortages and recession! ...all in my opinion!! Just sharing perspective compared to below comment
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