Who bought 23,273 shares here at 10.3 and sold below 9p less than half hour later on NO CHANGE to the reason you bought... no wonder people lose money on AIM... £350 down the swannie there due to NO RESEARCH.
Not for widows or orphans but - if you hold for the asset sale - will be rewarded imo. But DYOR please. HIGHLY illiquid stock - sold via NT last time at 14p. Bought back at 6.8. Now riding the news wave for the sale. Cant be bothered to trade it until then as could come anytime.
Book value for the asset being sold was down as $10m - but with a few interested parties could go for more. Either way that's almost 20p just for the asset sale which is imminent imo. + around the same in cash = circa 40p right there? Hmmm...
Here or the bigger picture imo - the asset sale... with "multiple interested parties" - and cash here is good so no placing due (probably $10m left which is more than MCAP).