RE: Typical pumpers' hype words9 Aug 2023 20:24
Its not Sandgrove its M&G. They had 135m when it was last updated in RNS. They had continued selling a few and then the final 127m was taken out at 1p by some longer term investors & a couple of funds looking to average down. TR1 hopefully tomorrow or Friday will confirm this
I'm told the Mcap had got too small and it had breached their investment parametres. You know whats insto's are like, they'll get a call from their compliance or risk management team and just dump regardless.
They often mark the lows so i expect things to go much better from here