RE: Folks missing the rise today?23 Nov 2017 07:55
Large spread does make it an unattractive trade but offer has been pushed up off the back of just a handful of buys. Bid has also ticked up slightly but no selling. With £20m+ turnover, a small uplift in margins would result in a respectable profit.
May take a few today if there’s a dip, in anticipation of results which could drop anytime between now and 1st week in Dec.
Unusual company. High revenues, tiny mcap, large shareholder and directors holding nearly 80% leaving just 20% free float.
Outlook 2 months into the current financial year read as below. Yet the SP has continued to fall. If the 6 month financials show this turnaround has taken place, SP will be multiples of this £2m mcap.
Speculative buy and binary bet on results but recent volume suggests update may meet or exceed expectations.