Has anyone noticed the news over at WHSmith (SMWH) where a massive accounting error has been identified with Deloittes being appointed to investigate. Down 35% currently but I expect further falls into the weekend. Sounds vaguely familiar.
Yes the SP drop is to be expected and will probably fall further into the weekend. Markets get easily spooked by accounting errors, which often take months to resolve. Look at Wood Group, suspended for an eternity. We are talking big bucks here in over-statement.
ECAN mate, if you check recent trades,, you will see that actual buys are approx 0.51p and sells approx 0.49p so the so-called spread is much tighter in reality.