RE: Looks like Invesco are trying to sell their remaining shares before the cut off tonight...15 Jun 2021 12:49
I think some people will have bought into Orph to get their shares in the spinoff and once this happens some will sell out again. This may cause the share price to drop a little. It doesn’t matter if the market has placed a value on the assets or not, it is only human nature as some people believe that they are getting something for nothing. To offset this the results are being announced, the characterisation study should be completed soon which will hopefully lead to the £10m+ contracts and Cathal has indicated that he wants to buy more shares. It looks like Investco are selling off their final shares as there have been large amounts available with the broker STFL (previously used by Investco) for the last few days. Taking all this into consideration it may fall briefly but should increase as these other things occur. And also let’s not forget the other 3 possibly 4 spin-offs that are meant to happen later this year.