RE: Expecting strong open8 Mar 2020 14:02
Both Tinkler and axa had around 13 million shares each left to offload so with the 8.5 million sell printed yesterday I would say they are out or atleast bone of them as that doesn’t take into account the drip feeding they where doing , DBay and Stobart group are not selling and invesco have increased from around 4% to 7% since December so hopefully a steady rise next week with TR1s at some point , the drop at the end of yesterday was probably day traders banking profits for the week.
Remember
DBay in at average of 32p they want profit and have owned the company before
New BOD experience in finance & Stobart
£800 mill turnover , 26% increase
£70m given for liquidity.
Four subsidiary companies worth money, one been TPN which is worth around £50m alone and sees profits and members grow all the time.
Been said that logistics one of the areas that will benefit from the Coronavirus to keep the shelves full.
Price of oil down in turn diesel.
I’m happy and confident here we will reach true value of above 20p once sellers gone and wouldn’t be surprised if not more IIs getting a piece of the cake, potential takeover target that would be north of 20p
GLA buy and hold , money goes from the impatient to the patient, good op to buy in low