RE: Sales and Purchases10 Mar 2023 16:21
Don't be to exited about last few day sp decline:
Today 10th March . The end of March is the end of wbi ordeal. Lombard Odier is dumping shares here and in echo to write off some of their profit elsewhere. The idea is simple sell echo and wbi to register a loss to balance profits made during the year, simple so the don't pay massive tax and spread the risk over more financial years.
After 31 March it will be a new financial year and dumping echo and wbi will be a crazy idea as both companies are not in high risk areas.
So End of march is the strong sign. sp likely to return to 4.5 or above