https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-bulletin-board-heroes-january-12-2236f32
This could be the reason. Taken from The Naked Trader's last update on December 16th.
An interesting one that's heading higher at the mo is MS International MSI.
I messed around with this a few years ago but it was always hard work, staying around the same price with a big spread.
It's delightfully old fashioned. Head cheese Michael Bell has been with the company since 1972 and must be in his 80's meanwhile the rest of the board are in their 70s.
We reckoned at the seminar that Michael's son might take over the reigns should he retire.
The website is pretty much non existent and literally there are just two announcements a year, but I rather like all this.
What you see is what you get with no piles of BS getting in the way,
It's part defence (guns and that sort) and part forgings and petrol stations. They seem quite excited by their defence division growing.
Profits and revenue are all well up and so is cash, over £23m.
Taking all that into account, the shares still look cheap even after recent rises.
Of course it could fall back on profit taking but no major sign of that yet.
Tom Rodgers: SDI
SDI (LSE: SDI) is on a great growth spurt and there’s plenty more upside to come, in my opinion. The Cambridge digital imaging firm posted another stellar set of results in December, with earnings per share up 28%, operating profits 41% higher and overall revenue climbing 42% to £11.45m.
A strong management team are accelerating acquisitions: the £4.3m buyout of profitable gas flow manufacturer Chell Instruments was a particularly sound move to grow earnings in 2020.
A trailing P/E ratio of 34 drops to 27 looking to next year because of these booming earnings and I think SDI will continue to outperform.
Tom Rodgers owns shares in SDI.
Fallingknife, bullies won't take any notice of common sense, they just bully if they don't like certain comments. Best not to try to reason with them, you're wasting your time. I've been a holder for a couple of years or so. I'll let the company news do the talking for the direction of the share price. So 'No opinion' here.