RE: Spread30 Jul 2021 11:55
JMole, this is a possible explanation. The spread could be due to there not being a market. To have a market you need buyers and sellers, in this case having just come on the market this will take time. What is this companies value? Shortly they should be doing interviews and talking about what they are doing and how. Andy did this last time with SOP. The sells on Wednesday were because the shares in the placing were tightly held and this was planned to create liquidity of about 10% . I think most of the people that participated did so to hold until a transaction is completed. The sells today could be part of this, why would you buy at 10p and sell after two days for 10p. Possibly a large order from someone wanting to take a large position that may necessitate a TR1. Just a few thoughts GLA